Pape? tflcnei)
BIMONTHLY PUBLICATION OF THE
£ecietij erf Paper IflcHeif Collected
Vol. XIII No. 2 Whole No. 50 March 1974
TKAtlKIB AT TOUT OAKKV. HANITOttA.
Hudson's Bay Company Trade and Paper Money - Page 51
SUPERB UNCUT SHEETS
Beautiful Crisp New Sheets - in the Forefront of Today’s Great Rarities. Move UP Your Collection to the “Blue Ribbon
Winner" Class with these “Museum Show-Pieces.” All Offers Subject to Prior Sale.
NATIONAL SHEETS OF FOUR
1882 $5 Second Charter Brown Back. F-4G7. St. Paul National
Bank, St. Paul, Nebraska. All Brown Back Sheets are Rare 1,699.50
1902 $5 Third Charter. F-607. The National Park Bank, New
York, N.Y. Splendid Crisp New Sheet 949.50
1902 $5 Third Charter, F-595. Red Seal. The Eouitable National
Bank. City of New York. All Red Seal Sheets are Rare,
this one Excessively so 2,149.50
1902 $5 Third Charter. F-611. The Dunbar National Bank. New
York, N.Y. With Rare Woods/Tate signatures. Low No. 11
Sheet 1.299.50
1902 $10(5), $20 Third Charter. F-637, 663. Same Bank and
Rare Signatures. A nice Companion Sheet to above $5 Sheet. 1,499.50
The Above Pair — Special this Month only 2,599.50
SUPER3 SHEETS OF TWELVE
1928 $1 Legal. Woods/Woodin. Small Red Seal. Only Eleven
Sheets were issued but some were cut up — and only Seven
Sheets are known to exist. This Great Rarity=Truly a
“Museum Item” can be yours for 7,949.50
1935A $1 Hawaii Overprint. Julian/Morgenthau. Only Twenty-
five Sheets were issued=this one Just as Nice as the Day
it left the Treasury Department 2.499.50
1935A SI North Africa. Signatures as last. Only Twenty-five
Sheets were issued. This Great Rarity also a Gem Sheet 3,499.50
SPECIAL=the Above Pair 5,499.50
LEGAL TENDER SHEETS
1928C $2 Julian-Morgenthau. Only Twenty-five Sheets were
issued 989.50
1928E $2 Julian/Vinson. Only Fifty Sheets issued 1,189.50
1928F $2 Julian/Snyder. Only One Hundred Sheets were issued 699.50
1928G $2 Clark/Snyder. One Hundred Sheets issued 699.50
1928D $5 Julian/Vinson. Single Notes bring $100 each. This
Very Rare Sheet 1,949.50
1928E $5 Julian/Snyder /Only One Hundred Sheets issued 949.50
1928F $5 Clark/Snyder. This Very Rare Sheet for — .. 919.50
SILVER CERTIFICATE SHEETS
1928D $1 Julian-Woodin. Only Sixty Sheets were issued. Single
Notes List $275.00. This Sheet worth Far More 3,499.50
1935A $1 Julian-Morgenthau. Only 100 Sheets issued 749.50
1935B $1 Julian/Vinson. Very Rare - 949.50
1935C $1 Julian/Snyder. Only 100 Sheets 699.50
1935D $1 Clark/Snyder. Wide Reverse 669.50
1934B $5 Julian/Vinson. Number issued not known, but Very
Rare - 1,699.50
1934C $5 Julian/Snyder. Only One Hundred Sheets issued 949.60
1934D $5 Clark/Snyder. One Hundred Sheets issued 899.50
SHEETS OF EIGHTEEN
1935D $1 Silver Certificate, Clark/Snyder. Only 102 Sheets
issued 999.50
1935E $1 Priest/Humphrey (Pay $600 for Gem Sheets) 849.50
1953 $5 Signatures as last. Only 100 Sheets issued. Also Wanted 1,899.50
1953 $10 Same Signatures. Only 100 Sheets issued. Wanted=
Please make Offer — — WRITE
1953 $2 Legal. Same Signatures — and Number Issued. Also
Wanted - 1.149.50
1953 $5 Same Signatures=100 Sheets issued. Also Wanted 1,699.50
WANTED — LARGE CURRENCY — WANTED
SAMPLE BUYING PRICES
OK
1862
1862
1869
1869
1880
1880
1901
1923
1886
1886
1886
1886
1886
1886
1891
1891
1891
to Ship Notes that Meet the following Described Buying
Perfect Gem
Crisp New Crisp New
$1 F-16/17 .. $160.00 $190.00
$2 F-41/41A .. 350.00 435.00
$1 F-18 165.00 215.00
$2 F-42 385.00 450.00
$1 F-31/33 410.00 475.00
$10 F-100/113 135.00 175.00
$10 F-114/122 190.00 230.00
$10 F-123 .. 480.00 550.00
SILVER CERTIFICATES
$1 F-215/218 140.00 180.00
$1 F-2 19/220 145.00 185.00
$1 F-221 246.00 285.00
$2 F-240/244 165.00 230.00
$5 F-259/264 850.00 950.00
$5 F-265 „ 900.00 1,000.00
$1 F-222/228 95.00 115.00
$2 F-245/246 435.00 500.00
$5 F-266/267 ...... 280.00 335.00
Requirements:
1896 $1 F-224/225
1896 $2 F-247/248
1896 $5 F-268/270
1896 Set (3)
1899 $5 F-271/281
1923 $1 F-239
1923 $5 F-282
1890 $1 F-347/349
1890 $2 F-353/355
1890 $5/$l,000
1891 $5 F-365
1891 $10/$50
$1 First Charter
$2 First Charter
$5/$ 1,000 First Charters
$5/$100 Second Charters
COIN NOTES
NATIONALS
Perfect
Gem
Crisp New
Crisp New
$180.00
$240.00
435.00
500.00
680.00
775.00
1,350.00
1,575.00
125.00
150.00
60.00
70.00
180.00
225.00
325.00
365.00
645.00
700.00
Write
W rite
450.00
500.00
Write
Write
190.00
250.00
775.00
875.00
Write
Write
Write
Write
In order to Merit the above Buying Prices, Notes Must meet these Requirements :
GEM CRISP NEW=Must be Clean, Bright Notes, Well Centered, Perfect Corners, and no Pinholes. Brown Spots or Counting Smudges
PERFECT CRISP NEW=Equally as Nice as Gem CN — except not quite as well centered.
We are also Buying many Scarce/Rare Notes (no 1914 Fed. Reserve) in Fine to Crisp New.
Especially need All Territorials. California Gold Bank Notes, lst-2nd-3rd Charter Nationals. Gold Certificates. Demand Notes. Compound & In-
terest Bearing Notes. Please describe Notes — Why Wait to Sell — When Bebee's Will Pay You More. Hurry Up — Act NOW !
★ ★ IMPORTANT BOOKS- POSTPAID ★ ★
It Pays BIG Dividends to KNOW Your Coins & Paper Money. Send $1 for our Big Book Catalog (Free with Order). It Lists over 100 on
Currency -f Hundreds on Coins.
Bradbeer’s "Confederate & Southern States Currency". Reprint of the Original Standard Reference work (162 pages) = Includes 115 pages
of articles from the Numismatist on Confederate Currency and Texas Treasury Notes, as revised by the late Charles E. Green — and
Reprinted by Bebee’s in 1956. Size 9x6, nicely bound. A MUST on this Series 10.00
Criswell’s “North American Currency" 2nd Edition. 942 pages, 2,669 Illustrations Includes Canadian & Mexican Currency. State Issues
of Currency & Bonds — - — — — — 15.00
SPECIAL= Above Two Books - - ~ - 21.00
Fricdberg’s "Paper Money of the United States". 7th Ed. (Only $10.50 with Order) - 14.00
Gaytan’s “Catalog of Mexican Currency”. 1971, 300 pages, 2,000 Listings, Values - — 12.50
Add 50c to Book Order — for Faster P. 0. Mail Delivery.
WANTED — STAR Notes, Packs (100) 1969B Dist. 9. 1969C Dists. 2. 4, 9, 11, 12; 1969D Dists. 2. 6. 7. 9. Please Write
IF you can supply 1 or more Packs.
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SOCIETY
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PAPER MONEY
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INC*.
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Vol. XIII -No. 2 Whole No. 50
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March, 1974
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IN THIS ISSUE:
CONTENTS
HUDSON’S BAY COMPANY TRADE AND PAPER MONEY
— Forrest W. Daniel 51
RAILROAD SCRIP ISSUED IN FLORIDA FROM TERRITORIAL DAYS
THROUCH THE CIVIL WAR
— Warren S. Henderson 59
THE TERRITORIAL NATIONAL BANKS OF THE HAWAIIAN ISLANDS
— M. Owen Warns 62
UNIQUE CALIFORNIA BROWN BACK SHEET
— M. Owen Warns 62
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THE QUINTESSENTIAL QUINTET
— Morey Perlmutter
FEDERAL RESERVE CORNER
— Nathan Goldstein 1 1
THE CHECKBOOK
BANK STATEMENT TELLS CIVIL WAR STORY
— J. Roy Pennell, Jr
WORLD NEWS AND NOTES
— M. Tiitus
THE UNITED STATES POSTAL NOTE
— Nicholas Bruyer
The Society of Paper Money Collectors, Inc.
SPMC CHRONICLE
EDITORIAL
LIBRARY NOTES
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SECRETARY’S REPORT
— Vernon L. Brown
MONEY MART
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Society o/f Paper ftcheij Collector 6
OFFICERS
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WHOLE NO. 50
Paper Money
PACE 51
Hudson’s Bar Company
Trade and Paper Money
By FORREST W. DANIEL
THE HISTORICAL BACKGROUND
O NE of the least known and scarcest categories of
paper money used in North America was issued
by the Hudson’s Bay Company in Rupert’s Land,
now the central west of Canada. The period of issue was
approximately the 50 years between 1820 and 1870, by
which time all of the territory controlled by the Company
had been added to the Dominion of Canada. Circulation
of the notes was centered in what is now Manitoba, with
extended use in North Dakota and Minnesota. While
definite information concerning the notes is scanty, it is
evident from the Company’s trade policies that circu-
lation was small and well controlled. A glance at those
policies may enlarge the aspect of their use.
The isolation of the enclave and the privacy of the
Company’s business monopoly made the area almost terra
incognita for many years. Curiously, the very activities
of the men who inspired the formation of the Company
became its bane in later years.
French Pioneers
I N 1656, two unlicensed traders from Quebec, Pierre
Esprit Radisson and Medard Chouart, sieur des
Grosseilliers, returned from the far interior with a
large number of furs purchased from the Indians. Market
conditions were such that their peltry was purchased
rather than confiscated. Four years later the fur market
was overstocked and their unlicensed furs were confis-
cated. In protest they decided to complain directly to
the king; but in Paris they were rebuffed and eventually
made their way to London in 1665.
In England their story of the richness of the area
west of Hudson Bay was well received by persons of in-
fluence in court circles, London business, and the Royal
Society. By 1668, financing was arranged to send two
ships on a trading venture to Hudson Bay. One of the
ships was damaged and did not make the trip; but the
ketch Nonsuch with Groseilliers aboard reached the bay
and spent the winter trading on the East Main coast of
James Bay. When the Nonsuch returned in October 1669,
it bore a cargo of prime beaver skins.
Chartering of the Company
T HE success of the trial voyage was such that the
sponsors sought a royal charter for a trading com-
pany. The Governor and Company of Adventurers
of England Trading Into Hudson’s Bay was chartered
May 2, 1670, with Prince Rupert, cousin of the king, as
governor. The stockholders were men of high birth and
influence in the English court. The charter granted ex-
clusive trading privileges and absolute ownership of the
territory drained by rivers flowing into Hudson Bay,
known as Rupert’s Land, and vested the government and
the execution of justice in the territory to the governor
and council. The charter was brought under fire several
times but it was always sustained until the 1860s, when
the land ownership was surrendered to Canada.
The Company established a regular trade between Lon-
don and Hudson Bay, establishing York Factory as head-
quarters at the mouth of the Nelson River. For a long
time the Company traded only along the shores of the
bay, establishing only five posts in 15 years. While the
English did not, at first, move inland, the French from
Canada began to expand into the area they had once
forbidden to Radisson and Groseilliers. They occupied
some of the Company’s posts at times and were expelled
as often. The peace treaties of several wars between
England and France (known in America as the French
and Indian Wars) often determined “legal” possession of
the posts; but in 1763, the possession of Canada passed
to England so the neighboring lands became “friendly.”
English ownership of Canada did not eliminate its
competition with the Company. The Canadian (formerly
French) trappers were the same intruders they had been
before but they began to concentrate in areas the Com-
pany had thus far ignored. The voyageurs, commemorated
on the Canadian silver dollar, opened the land north of
the Great Lakes to the Red River of the North. These
hardy frontiersmen employed by the Montreal-based North
West Company pushed a regular network of canoe trails
and portages through the rivers, lakes and dense forests of
the Precambrian shield. The canoe was the only means
PAGE 52
Paper Money
WHOLE NO. 50
of transportation practical to cross that broad area which
had helped isolate the Company’s land in earlier days.
French forts had been established on Lake Superior
and Lakes Manitoba and Winnipeg, and other points
throughout the southern area where the Hudson’s Bay
Company was to center its activities later on. These and
other posts were in the hands of the North West Com-
pany; and when the Hudson’s Bay Company decided to
expand its activities with inland posts in its own land,
it often found its competition occupying the most logical
spots for trading. One of these spots was at the junction
of the Pembina and Red Rivers, a location now in North
Dakota and a point important to this story
Charles Chaboillez built five buildings at the mouth
of the Pembina River in 1797, but abandoned the place
the next spring after high water. The North West Com-
pany established a post there in 1801 as did the XY
Company. The latter groups reconsolidated in 1805. The
Hudson’s Bay Company was established at Pembina by
1807.
Competition between the companies was bitter. Hud-
son’s Bay Company claimed exclusive ownership of the
land and its product but the others claimed rights of
first occupation. The men and times were rough and tough
and fighting between the men of the opposing companies
often was bitter.
Trading with the Indians
T HE fur companies traded with the Indians exclusively
by barter for furs at their various outposts but there
were differences. The English company brought in
all its trade goods and shipped its furs by ship from its
factory post on Hudson Bay. The North West Company
and others used the canoe and portage trails to Canada.
A report dated August 17, 1857, from the Select Com-
mittee on the Hudson’s Bay Company, a parliamentary
investigation, gave this description of the style of trade
at the Company’s posts. “Thus, an Indian arriving at
one of the Company’s establishments with a bundle of
furs, which he intends to trade, proceeds, in the first
instance, to the trading room; there the trader separates
the furs into lots, and, after adding up the amount,
delivers to the Indian a number of little pieces of wood,
indicating the number of made-beaver to which his hunt
amounts. He is next taken to the storeroom, where he
finds himself surrounded by bales of blankets, slop-coats,
guns, knives, powder horns, flints, axes, &c. Each article
has a recognized value in made-beaver. A slop-coat, for
example, is 12 made-beavers, for which the Indian
delivers up 12 of his pieces of wood; for a gun he gives
20; for a knife, 2; and so on, until his stock of wooden
cash is expended.”
The subject of the use of liquor as an article of trade
with the Indians also came under investigation. Governor
Simpson stated that liquor was never used as a medium
of barter; but he acknowledged that liquor was sometimes
given as a present after trading had been concluded.
“Where we have opposition, we must in order to get furs,
do as other parties do, but we never sell liquor.” Both
sides used the same excuse.
The minutes of the Council of the Northern Depart-
ment of Rupert’s Land between 1830 and 1843 show how r
and where liquor was used. It was resolved in 1837 that
liquor be not made an article of trade or a medium of
barter in any part of the country and that not more than
two gallons of spirituous liquor and four gallons of wine
be sold to any individual in the Company’s service. In
1841, it was resolved that no liquor be given to Indians
at York Factory, Churchill, and Severn; and that in lieu
of that commodity an equal value of ammunition and
tobacco be given. Eight kegs of spirits were furnished
the Lac la Pluie District in 1842 and 1843 for distribution
as gratuities to Indians at Fort Francis, Rat Portage,
and Lac du Bois Blanc. There was competition in the
south.
The Canadian fur trade had another by-product of its
establishment in the west: an increasing group of people
of mixed European and Indian blood — half breeds known
now as Metis. Men of the Hudson’s Bay Company signed
up as employees for a period of years, and many to allay
the loneliness of their isolation took Indian women as
wives. The French Canadian traders, too, married Indian
women and the result was an increasing native-born popu-
lation. Before the number of Metis became great the fur
companies employed the men in the trade, but with increas-
ing numbers they began to establish their own communities
near established posts.
Company rules forbade anyone but employees to deal
in furs in any manner. A half-breed was not permitted
to trade for the furs of an Indian even at the Company
price or for delivery to the Company. So the activities
of the Metis people was largely limited to occasional
employment by the Company and hunting buffalo to
supply meat, hides and pemmican to the Company. These
people play an important role in the development not
only of this story of finance but the culture of the area.
Immigration from Scotland
F OR more than a century and a quarter the Company’s
fur trade developed from a few scattered posts
around Hudson Bay to a system of inland posts
connected to York Factory on the Nelson River. The
three fur trade posts having the greatest bearing on the
subject of this paper are York Factory, and the ones at
the mouths of the Assiniboin River and the Pembina
River, where each joins the Red River.
Thomas Douglas, Earl of Selkirk, a Scottish nobleman,
took an interest in the Company and began purchasing
its stock. He owned or had proxies for enough stock by
1811 that he was able to gain control of the Company.
Selkirk was a man of humanitarian ideals and sought
a grant of Hudson’s Bay Company land to establish a
colony of Scottish crofters who were being displaced by
the land reforms in their homeland. For a token pay-
ment of ten shillings, he was granted 116,000 square
miles comprising the area of North Dakota and Minnesota
north of the continental divide and southern Manitoba.
The first of the Selkirk colonists arrived later in 1811,
and were forced to spend the winter at York Factory.
The next year they arrived at the site selected for the
settlement, at the mouth of the Assiniboin River where
the city of Winnipeg now stands, too late in the summer
to plant crops for their own food. When winter came
there was not food enough at the settlement for the
colonists so they journeyed on up the Red River to Pem-
bina, where the half-breed community fed and housed
them during the winter. In the spring the immigrants
returned to the Assiniboin, established Fort Douglas,
and planted crops.
The next few years was a succession of crop failures
added to inadequate food, lack of farming equipment, and
more immigrants from Scotland and Ireland. Winters
were spent at Pembina where the bounty of the half-
breeds sustained them. There was further friction be-
tween the Hudson’s Bay Company and the North West
Company; both had posts at Pembina and in the vicinity
of the Selkirk settlement. Open warfare broke out at
times to the point where Lord Selkirk brought in soldiers
to restore order. The soldiers were veterans of the War
of 1812 mostly from the de Meuron regiment and made
up of Germans, French, Italians and Swiss. A group
of Swiss immigrants arrived in 1821 to enlarge the colony
but many of them left after a few years.
Folio-wing the crop failure of 1819, a group of men set
out for Prairie du Chien on the Mississippi River. They
reached there on snow shoes after three months and
Durchascd 250 bushels of seed wheat at 10 shillings per
bushel. It was the first commercial contact with the
United States from this direction, a trade that was to
develop over the years. The wheat was returned to the
WHOLE NO. 50
Paper Money
PACE 53
...
l'KAil.INA FOKT.
Red River hunters returning to the fur trade post at Pembina with Red River carts loaded
with buffalo hides or trade goods. (State Historical Society of North Dakota Collection.)
colony, by now called Red River Settlement, by boat
and arrived in June — too late to produce a supply of
food but it did produce enough seed to keep the colony
supplied with wheat from them on.
The merger of Hudson’s Bay Company and the North
West Company in 1821 produced a variety of effects in
Rupert’s Land. Competition was eliminated and the Com-
pany was in full control of trade in its own land, and
all of the fur trade business was carried on through
Hudson Bay. Many of the employees of the North West
Company became unemployed members of the community.
The canoe and portage trails of the Canadian company
returned to their natural state through disuse; this played
an important part in later political history.
Action Shifts to Red River Settlement
B Y this time the central point of action in the story
of the Hudson’s Bay Company is at the mouth of
the Assiniboin River known as Red River Settle-
ment or Fort Garry, the name of the Company’s post.
The administrative seat of the colony and the Company
was there. Another square of the checkerboard was at
Pembina, and for a time its position was in doubt.
The treaty of peace of 1818 following the War of 1812
set the northern boundary of the United States at the
49th parallel of latitude. It was obvious that all of the
Company’s land below that line was ceded to the United
States, but the post at Pembina was so near the line its
position was in doubt. In 1823, the Company abandoned
the post it had taken over from the North West Com-
pany at Pembina because it was too far south. Major
Stephen H. Long of the topographical engineers of the
United States marked the parallel in August, 1823.
Captain John Pope renewed the position in 1850. The
Company had reestablished its post and store a quarter
mile to the north a few years before. In May of 1871,
Captain David Porter Heap took observations and placed
stakes 4,600 feet north of the previously established
boundary and failed to file a report. The United States
Collector of Customs at Pembina stepped in to assess duty
on the Company’s stock. In the emergency a joint British
and United States Boundary Commission was set up and
the formal survey began in 1872. The Company’s post
was found to be north of the line, but the Canadian
Customs House was 540 feet south of the reestablished
border.
The influx of settlers from Europe brought a change
to the economic situation in Red River Settlement. The
product of their farms was small — in the first years
scant. They had been expected to furnish provisions not
only for themselves but to supply the needs of the Com-
pany, perhaps even produce enough for export. The Com-
pany tried to assist in many ways. Experimental and
model farms were established. Seed and cattle were
imported but flax crops rotted in the fields and the cattle
died of neglect. Other enterprises were started, financed,
and failed. Alexander Ross, an employee of the Com-
pany, said that the enterprises were managed by Com-
pany managers who had no experience in the type of work
they were supervising, and that the half-breed population
they were attempting to bring into productive pursuits
had little interest in agriculture and went off hunting
buffalo instead of tending their fields.
The First Circulating Currency
T HE increasing population had need of a circulating
medium of exchange. The immigrants brought little
cash to the settlement, for they were poor. It is said
they were required to turn all of their money over to
Selkirk on the promise that all their needs would be
supplied at the colony. Goods were sold on credit, to
be paid for in labor or produce. According to some
accounts the procedure was poorly managed and so un-
satisfactory that no one could receive an accounting.
There was some reform in 1822, and in 1824 credit was
discontinued and a ready money system introduced. At
the same time the Company also limited the hours the
store was open. Great hardship ensued, especially among
the half-breed people who had never been accustomed to
a money system.
The change to the ready money policy at the Company
store appears to coincide with the release of the first
PACE 54
Paper Money
WHOLE NO. 50
TRADERS AT FOHT CARRY. MANITOBA.
Old Fort Carry at Red River Settlement. The building at the right is the Company’s store
where Indians and white trappers sell their furs for supplies or, possibly, Company paper money.
Hudson’s Bay Company promissory notes. The first ship-
ment of notes, 2,000 of one pound and 4,000 of five shill-
ings each, arrived at York Factory in 1820 with
instructions for their use at York Factory, the Depot
for Athabasca, Cumberland House, and the Red River
Shop. Governor William Williams at York Factory and
the governor of Red River Settlement, Andrew Bulger,
felt use of the notes would be helpful, but the reluctance
of George Simpson, governor of Rupert’s Land, delayed
their release until 1824 for the one pound notes and 1826
for the five-shilling notes.
Simpson feared the notes would be hoarded by the
settlers and presented for cash rather than goods. Belief
in the old Indian-type of credit and barter was still strong
within the leadership of the Company in spite of its
parallel support of a rising non-nomadic community.
Simpson’s opposition to the notes eased later, and they
did come into the economy at Red River, although under
strict Company control.
The 1830s was a decade of experiment in Red River.
An attempt to produce cloth from buffalo wool had failed,
so a sheep wool project was started. Alexander Ross
states that the proposed capital of the company was three
times greater than the total money (1,900 pounds) in
circulation in the colony of about 5,000 population. That
plan failed as did the other grandiose schemes of the
Company and settlers.
Competition from Independent Traders
W HILE the Company did not encourage competition,
it tolerated the rise of petty traders in the com-
munity if they were licensed by and sold their
furs to the Company. Others chose to import goods from
the United States, and a regular trade with Mendota,
and later St. Paul, developed avoiding the duties imposed
by the government of Assiniboia, the Company’s civil
name. These private dealers provided trading hours when
the Company store was closed and advanced credit in the
established manner after the Company had gone to the
ready money policy. Some of the petty traders prospered
while others failed; but their number and volume in-
creased.
Meanwhile American traders moved near the border.
Norman Kittson of the American Fur Company esta-
blished a post at Pembina in 1843. Trade of the independ-
ent traders was lured across the border, and traffic be-
tween Pembina and St. Paul was developed by Joe
Rollette and others using Red River carts. These carts
were a local development using no metal in their con-
struction and capable of hauling loads up to 900 pounds.
In time three routes were wheelworn into the prairie
sod to the south, each having advantages depending on
load and weather. International trade increased to the
point requiring a United States Customs House to be
established at Pembina in 1851. Six carts made the
round trip to Mendota in 1844; in 1851 there were 102;
in 1857, 500, and in 1858, 600 carts made the trip to
St. Paul. The beginning of steamboat traffic on the Red
in 1859 cut the necessity for so many carts that year
and later.
The activities of the independents violated the rules
set by the Company for petty traders. Those rules, of
course, were set to the Company’s advantage, and to en-
force them threats were made to withdraw the circulat-
ing notes of the Company if the illicit traffic was not
curtailed. In 1845 Governor Alexander Christie closed the
access of licensed traders to Company ships on the
Hudson Bay route and replaced the Company’s ordinary
bills of exchange with a non-negotiable currency intended
for use in the settlement only.* It had little effect,
however, on the small-volume trader.
In June, 1846, a petition was drawn and signed by 977
persons asking that the Company place silver money
•NOTE: This citation is from "Minnesota and the Manifest Destiny
of the Canadian Northwest,” by Alvin C. Gluek, Jr., which gives as
source a letter from Christie to Simpson dated December 31, 1846.
No note of this issue is listed in "Paper Money of the Hudson's Bay
Company” by Larry Gingras.
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Paper Money
PACE 55
ANBON NORTIIUI'
The "Anson Northrup,” first- steamboat to haul Hudson's Bay Company freight on the Red
River in 1859. (State Historical Society of North Dakota Collection.)
in circulation rather than the notes which were payable
60 days after presentation in London. They also asked
that the Company furnish a market for produce at rea-
sonable prices and discontinue its practice of confiscating
furs it suspected might be smuggled out of the country.
The petition stated : “The Company gives in circulation,
bills ; the exchange thereof cannot be received but in
London, a thing which is impossible to the greatest num-
ber of us. Could we not have a right to require that
exchange of them be done in this country, and in the
most central part of the colony?
“Already the chief factor, named governor of Assini-
boia, has made us to understand that he might suddenly
stop the course of the money-papers, which would expose
us to losses, and occasional great difficulties in our
transactions. In order to avoid a danger of which we
have threatened, and that the least pretext in a quick-
minded man might lead to execution, the commissionary
shall invocate the influence of his Lordship, in order to
obtain that silver money be put in course in this country;
the bank-houses or Company-house being too far off from
us.”
The growth of petty trading, once looked upon as an
advantage to the colony, became detrimental to the settle-
ment in the view of Alexander Ross. He said money
scarcely circulated, as it disappeared as soon as it entered
a shop door — and that nearly every door was a shop
door. Ross said there were 102 English importers in
1847, and that nearly that many more were importing
from the United States. These petty traders imported
goods to a value of £11,000 annually at a time Ross
reports there was only £5,000 in circulation.
Trade Through Minnesota
K ITTSON’s trading at the post in Pembina drained
many furs into the American trade and in turn
brought American goods into the hands of the petty
traders on both sides of the line. The trade was so active
that accounts were settled not only by cash but by bills
of exchange on London or New York. The source does
not say so, but the London bills may well have been
Hudson’s Bay Company bills.
The expansion of free trade effectively broke the monop-
oly of the Hudson’s Bay Company. Minnesota merchants
were eager to extend their trade to the north and settlers
began to move up along the trails. With nearly year-
round trade to the south, the Company’s system of annual
shipments from London by way of Hudson Bay became
an expensive anachronism. In the mid-1850s, the Company
began sending its mail through the United States via
Pembina and St. Paul; replies were enabled to arrive in
weeks instead of a year. Investigation showed freight
could be imported over routes through the United States
more economically and faster than by the Hudson Bay
route.
Trans-shippers were employed in New York to ship
the goods in bond to St. Paul, where the Burbank brothers
warehoused 400 to 600 tons of freight annually for ship-
ment by cart to Fort Garry, the later name for the Red
River Settlement. By 1875, 37,000 tons passed through
the United States. With the entrance of the Hudson’s
Bay Company into shipment over the Minnesota trade
routes, the Company eventually dominated that freight
route. A trading post and depot was built at Georgetown,
now Minnesota, on the Red River to facilitate that com-
merce in 1859. The steamboat Anson Northrup was
launched on the river the same year with the anticipation
of hauling freight down river to Fort Garry. When a
dispute over proposed freight rates ensued, the steam-
boat was purchased by the Company in the name of the
Burbank brothers. It appears that the Hudson’s Bay
Company, as a silent partner, used the Burbanks as a
cover for their activities in the United States in case
there was any question of extraterritoriality. Several
more steamboats were added to the trade, and activity at
Georgetown grew. The Company owned the property at
Georgetown until 1880.
It seems a reasonable assumption that since the Com-
pany dominated the freight trade after they transferred
their route through Minnesota that Hudson’s Bay Com-
pany paper money had some circulation or acceptance
there. There are a few mentions of use of the money
as far south as St. Paul in numismatic periodicals, but
no details. Notes of the only reputable bank of issue
in Minnesota in territorial days were suppressed, accord-
PACE 56
Paper Money
WHOLE NO. 50
Camp of the Red River Hunters, John M. Stanley's picture of the camp where surveyors of
Cov. Isaac Stevens’ expedition received Hudson’s Bay Company five-shilling notes in change
in July 1853. The site is in Wells County in central North Dakota.
ing to Fred Marckhoff, so the common circulating medium
was questionable paper of Eastern and Southern banks.
In this background there can be little question that the
Company and its agents made payments in Company
money in St. Paul, where its stability was established.
An early history of St. Paul states that business with
the Red River trade was carried on exclusively in coin
— that currency was never used. That was undoubtedly
the case in transactions with the free traders. The isola-
tion of the northern area dominated by the Company
would render any outside paper worthless.
It is certain that the paper was current in the half-
breed community of Pembina. In July of 1853, a group
of buffalo hunters from Pembina were on their annual
summer hunt in central North Dakota when they met
an American railway survey expedition led by Governor
Isaac Stevens. In his report Stevens stated the hunting
party led by Baptiste Wilkie consisted of 1,300 men,
women and children traveling with 1,200 animals and
824 carts. When they set up camp their 104 tepees
were set in a circle surrounded by a ring of the carts.
The hunters traveled in an organized fashion, divided
into groups each with a leader responsible to the chief.
So complete was the community that their priest traveled
with them. In fact, only about 30 people remained at
homa±o-tend the farms, stock and homes of all the others;
this was stressed by Ross as one of the reasons agriculture
was not a successful pursuit of the half-breed community.
Gov. Stevens reported that the summer hunt produced
dried meat, pemmican and tongues which were sold to
the Hudson’s Bay Company, which later traded those
products at Fort Snelling in Minnesota for goods, sugar,
coffee, etc., at the rate of 15 cents per pound. “The
trade of this company is all in dry goods, sugar, tea,
ammunition, &c. Notes are also issued by the Hudson
(sic) Bay Company, which are currency among them.
Several of these, of the denomination of five shillings,
payable at York Factory, and bearing the signature of
Sir George Simpson, were offered in change to various
members of the expedition on purchasing various articles.”
This confirmed use of Hudson’s Bay Company paper
money in North Dakota was in northwestern Wells
County, well away from its normal circulation in the
Pembina area near the border. Artist John Mix Stanley,
traveling with the Stevens expedition, drew a sketch of
the camp where the exchange occurred which was used
to illustrate the official report.
In telling of a similar hunt 13 years earlier, Alexander
Ross wrote that many of the hunters from Red River
crossed the line and joined the group from Pembina. The
poverty of the hunters is often cited, as is the custom
of carrying practically all of their movable goods with
them on the hunt. Ross said that before reaching Pem-
bina one gentleman forgot at his camping place a tin
box containing 580 sovereigns in gold and another 450
pounds in silver and paper. The following night a half-
breed camping at the same spot found the box and re-
turned it to its owner. The incident indicates that a
variety of money was gaining circulation in the colony.
The annual meetings of the Company council set the
rate of exchange for the following years. Resolution 49
of the council of 1836 stated: “That in all cases of pay-
ment in Canada for Goods or Cash supplied in Red River
an exchange of 7 per Cent be added to the Sterling
Amount before converting it into Halifax Currency.” The
same was renewed in 1837. The 1839 Resolution stated,
“That the price of dollars in Red River be 4 shillings 3
pence each during the Current Outfit and hereafter 4/1 ;
and English Gold Coin at the Standard Value;” Resolution
39 of 1840, “That the price of Dollars in Red River
during the Current Outfit be at the rate of 4/9 per
ounce or Sterling per Dollar and English Coins at the
standard value.” Dollars appear to be an increasing
factor in the local economy and their value was further
refined in 1841 : “That the price of Dollars in Red River
during the Current Outfit be at the rate of 4/9 per
ounce, or 4/1 Sterling per Dollar, and English Coins at
the standard value.”
Trade with Russia
W HILE the community in the Red River area was
developing commercially, the fur trade in the north
continued, but with some modifications. Rupert’s
Land originally comprised the land drained into Hudson
Bay; but British claims to the lands farther west were
based on fur trade activities of the North West Company
on the Pacific coast and fell into the sphere of the
Hudson’s Bay Company when it absorbed the North West
Company. The trade in the far west did not operate
through the central area but in 1839, the Company signed
an agreement with the Russian-American Company to
lease for ten years certain mainland coastal and interior
lands belonging to the Emperor of Russia.
The rental payment called for 2,000 seasoned land otter
skins taken from the west side of the mountains. In
addition the Company was to sell 2,000 land otter skins
from west of the Rocky Mountains and 3,000 from east
of the mountains at specified prices to the Russian-Ameri-
can Company. Other commodities in the deal included
WHOLE NO. 50
Paper Money
PACE 57
specified quantities of wheat flour, pease, grits and hulled
pot barley if it could be provided, salted beef, salted butter
and pork hams at set prices. Payment for the purchases
by the Russian-American Company were to be in bills of
exchange on St. Petersburg.
The annual meetings of the northern department set
the rules for obtaining the eastern skins for the Russian
deal. And as the period of the lease advanced, so did
the area required to supply the pelts expand to the east.
Depletion of Game
T HE Company became aware of the effect of over-trap-
ping in some areas and took steps to slow the deple-
tion of game. In 1843, the limit of beaver skins to
be purchased was limited to one-half the number pur-
chased in 1839. To encourage the Indians not to trap
beaver, they were to be paid in goods the value of 10
skins in made-beaver for every nine skins in small furs
they brought in.
The Company’s monopoly on the fur trade was so com-
plete that the Indians had become dependent on the
Company for sustenance — food, clothing and ammunition.
The demand for furs was so great that they were urged
to sell all their furs, not even to use them for clothing.
If an Indian’s supplies were cut off, he was in danger
of starvation; if he then turned to the petty trader for
credit, that worthy expected to receive the product of
the hunt and the Hudson’s Bay Company had compounded
what it was trying to prevent: independent trading.
All furs killed by commissioned gentlemen, clerks, and
servants of the Company, or their families, were con-
sidered the property of the Company, and paid for at the
Indian standard of the district. No furs were to be used
in or sent out of the country on private account except
those purchased at the Company store at 10 percent on
the average sale price. The penalty for infraction was a
fine of 50 pounds sterling. No commissioned gentleman
was allowed to purchase or sell horses, cattle or dogs
on private account; and such dealings were to be on
the Company’s account.
Freemen, half breeds and Iroquois trappers who were
unable to pay for their supplies except with the product
of their hunt were treated on the same basis as Indians.
Freeman trappers having funds in the Company’s hands
and unable to pay with furs were charged 200 percent
on the district inventory prices, and no money payment
was to be made for furs and other articles. Where
balances were owed to the Company in money, furs were
received at 4/6 sterling per made-beaver.
John West, chaplain to the Hudson’s Bay Company,
wrote in his journal in March 1821, of this instance at
the Fort at Pembina. “One of the Indians left his
wampum, or belt, at the Fort as a pledge that he would
return and pay the value of an article which was given
to him at his request. They consider this deposit sacred
and inviolable, and as giving sanction to their words,
their promises and their treaties. They are seldom known
to fail in redeeming the pledge; and they ratify their
agreements with each other by a mutual exchange of the
wampum, regarding it with the smoking of tobacco, as the
great test of sincerity.”
Unrest at Red River Settlement
T HE increase of trade with the United States through
Minnesota was not just a development of commerce,
it became a political issue with international ramifi-
cations. The Oregon boundary question of the 1840s raised
the prospect of an expansionist policy which would extend
the dominion of the United States north of the 49th
parallel of latitude. This along with the domestic unrest
in the Red River Settlement prompted the English govern-
ment to dispatch several companies of the 6th Royal
Regiment of Foot for the defense and protection of the
colony in September 1846. The 500 men were under the
command of Lieut.-Col. Crofton, who was appointed
governor of the colony. While the residents felt the troops
were sent for boundary defense, they welcomed the
soldiers, and their presence had a favorable effect on local
affairs; many had felt for some time that a garrison
would settle some of the local hotheads.
The troops were in Red River for less than two years,
and their departure was regretted. Alexander Ross stated
that the presence of the regiment had added £15,000
sterling to the circulation of money and that one indepen-
dent trader received £1,400 in gold in a few months. The
royal army was replaced by a squad of pensioners com-
manded by a Major Caldwell. This motley crew was
considered a more disruptive force to the community than
the half-breeds.
Major Caldwell was commissioned to make an investiga-
tion of the complaints about affairs in the colony made
two years earlier by some of the residents. The areas
included were lack of a circulating medium except prom-
issory notes payable in London, the administration of
justice, lack of goods for ordinary consumption, and pre-
vention of trade by half breed inhabitants. The Major’s
investigation was cursory and the complaints were deemed
unfounded or disproved.
The Oregon boundary was settled without force of arms,
but politicians in Minnesota held on to the idea that the
valley of the Red River north of the 49th parallel was
merely an extension of Minnesota Territory and therefore
should be annexed to the United States. Their influence
was felt from Red River Settlement to Washington, D. C.
The most immediate effect was felt in the west at the
time the agitation for free trade was stirring in Red
River. Traders from the United States lured a number
of the half-breed population south of the border with the
prospect of government money. The land of the Red
River valley, they said, was unceded Indian territory;
when the United States took over Indian lands they made
payments to the Indians occupying those lands; therefore,
since the half-breeds were of Indian blood they would
be in position to receive the government payment. An-
other prospect was the opportunity to sell their furs
on a free market in which the price was negotiable. The
opportunity for cross-border smuggling did not escape
the notice of those who moved south.
Trade over the Red River route from St. Paul to Fort
Garry increased during the 1850s and settlement reached
out along the trail. Trade of the Hudson’s Bay Company
through Pembina increased more than 400 percent during
the Civil War while the area of American settlement
contracted for a time because of the Indian uprisings.
Trade through the south was increasing, and the enter-
prise of free trading was well-established in 1862 when
Alexander G. Dallas was appointed governor of Rupert’s
Land and Recorder of Assiniboia. Dallas decided to re-
form the affairs of Red River. Noting that the free
traders were using Hudson’s Bay Company notes to buy
and sell goods, he stopped issuing the notes and adopted
the policy of giving goods for agricultural produce. Cash
or notes were paid out only when he was forced to do
so; to put pressure on the free traders he severely reduced
the amount of circulating currency. Dallas was an
unpopular governor and was replaced by William
Mactavish.
The close of the Civil War in the United States brought
renewed efforts by the advocates of expansion to annex
the Red River Settlement, and their efforts gained staunch
advocates in the highest circles of government. In Canada,
too, the status of the Hudson’s Bay Company freehold
was under consideration relative to bringing that land
under the federal government. The several British colo-
nies which comprised Canada were united into a single
nation by the British North America Act in 1867. Ar-
rangements were made with the new ownership of the
Company to purchase their lands, less certain areas, for
£300,000. While Rupert’s Land became nominally part
of Canada on July 1, 1867, the deed of transfer was not
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Paper Money
WHOLE NO. 50
signed until the fall of 1869, with possession to take place
on December 1st.
Rebels Take Over at Red River
T HE Canadian government, anxious to claim the vast
new area, sent surveyors and road builders into the
Red River Settlement ahead of the final settlement.
Their unexplained activities provoked the French-speak-
ing inhabitants and unrest stirred again. An influx of
new settlers from Canada added another element to local
politics. They openly agitated for union with Canada,
but their activities bothered the Metis people who were
not consulted or informed of the role they might have
under the new regime. The half-breeds found a leader in
young Louis Riel, a Metis who had been educated at a
college in Montreal. The English-sppaking settlers also
had some questions about the transfer of government,
but they remained neutral and let the French-speaking
people handle whatever opposition was to be.
William McDougall was appointed lieutenant governor
and was sent by the national government to take charge
of the temporary government; but he was the wrong man.
He was the one who had sent in the advance surveyors, etc.
who had incensed the French. McDougall left Ottawa on
September 28, 1869, and traveling through the United
States he arrived at Pembina on October 30, a month
before the transfer was to take effect. That evening
the “National Committee of the Metis of Red River”
ordered him not to cross the boundary without their per-
mission. Undaunted, he crossed the border to the Hudson’s
Bay Company post where he was met bv an armed group
of Metis and escorted back to United States territory.
McDougall cooled his heels in Pembina until November
29th, when he walked across the border (in a snow storm,
according to some stories) and claimed Rupert’s Land for
Canada. Shortly thereafter he returned to Ottawa.
After pushing McDougall back across the border on
October 30th. the Metis occupied Fort Garry in a blood-
less coup on November 1st, and Louis Riel was in control
of Red River Settlement. McDougall and the Canadian
party attempted a counter-revolution but by December
7th it had passed its peaks. The next day Riel published
the Declaration of the People of Rupert’s Land and the
North West; with himself as head of government he was
ready to negotiate with Canada.
One of Riel’s advisers was Oscar Malmros, American
consul at Red River, and ardent United States expan-
sionist. With his friends in the Senate, great pressure was
put on the United States to annex Rupert’s Land. But
there was more fuss than fire. Sir John A. Macdonald,
Canadian prime minister, continued his own policy which
finally gained the day in the summer of 1870.
Canada Takes Over the Rebels
TN the spring Macdonald determined to send a military
force to quiet Red River. To effect the transport of
troops in the easiest manner he applied to President
Grant for permission to route them by rail through the
United States, but that was denied. A Canadian trans-
port ship carrying the troops over the Great Lakes was
permitted to pass through the American locks at Sault
Ste. Marie, but the troops and military supplies were
portaged across Canadian territory and reloaded. After
landing on the shore of Lake Superior the Red River
Expedition had to cut its way through the several
hundred miles of wilderness of the old North West Com-
pany canoe-portage trail of the voyageurs which had gone
back to nature through many years’ disuse. They arrived
in Red River on August 23rd.
The provisional government set up by Louis Riel in De-
cember was without funds: but on the 22nd a forced
loan was made from the Hudson’s Bay Company. The
accountant, John H. McTavish, was seized and his key
used to open the Fort Garry safe. The amount taken
was more than £1,000 in specie and notes; a receipt was
given. Some of that money, £650 in “parcels of money
(Maps adapted from “Minnesota and the Manifest Destiny of the
Canadian Northwest” by Alvin C. Glueck, Jr.)
. . . marked in the handwriting of J. H. McTavish” was
used by an American merchant to buy out a newspaper
plant in order to establish a new publication. That paper,
“New Nation,” was the mouthpiece of the Riel govern-
ment, but it was permitted a pro-American position so
long as it suited the purpose of the government.
While all the bluster was going on, Riel was negotiat-
ing with Sir John H. McDonald and had received positive
assurance that Red River would join Canada as a self-
governing province. Riel gave a hint of the way he
leaned when in April he replaced the flag of the Provi-
sional Government with the Union Jack flying over Fort
Garry when an American expansionist ex-governor of
Minnesota arrived for a visit. But the suspense heightened
as time went on; troops were on the way from Canada,
what would happen when they arrived? When they
arrived in August the gates of Fort Garry were open,
the troops marched in and Riel’s provisional government
left by the back door. Manitoba, formerly Assiniboia, a
small area of 14,340 square miles surrounding Red River
Settlement, became a Canadian province.
Rupert’s Land and the North West Territory was now
Canada and its 200-year proprietor. The Governor and
Company of Adventurers of England Trading into Hudson
Bay, was an established commercial enterprise.
(To be concluded, with specifics on Hudson’s Bay
paper money)
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PAGE 59
Railroad Scrip Issued in Florida
From Territorial Days Through The Civil War
By Warren S. Henderson
O NE of the main problems facing commerce in the
early days of Florida’s history was the problem
of transporting the goods raised in the northern
portions of Florida, which were the only inhabited
sections during its early days, to the coast, from which
the produce could he moved to the market places, pri-
marily in the north. Cotton was the major export of
territorial Florida. The rivers were generally so short
through their navigable portions that they could be
little counted on for transportation, and so railroads were
recognized as the best solution to Florida’s transportation
problem.
During the period before the Civil War, 20 corpora-
tions to build railroads were chartered in Florida, hut
most of them either did not open or did not survive the
panic periods that Florida went through, along with the
rest of the nation. Only four railroads left behind
them, for collectors today, a part of the mark they made
on the history of the state.
I. Tallahassee Railroad Company
The first railroad chartered in Florida that issued
scrip was chartered in 1831 by six Tallahassee men. This
railroad was originally called the Leon Railway Com-
pany and was chartered to construct a road from the
capitol city, Tallahassee, south to St. Marks, a distance
of only 30 miles. While distance was short, the
problems were great, because much of the area was
swamp, thus making construction very difficult.
The railroad was reorganized in 1832, and became the
railroad now known to collectors as the Tallahassee
Railroad Company. Construction was completed to Port
Leon, 22 miles away, in 1836. Stock to the amount of
$100,000 was allowed, and the company was granted
500,000 acres of land to be sold, with the proceeds
applied to this internal improvement. This road from
Tallahassee to Port Leon was an important outlet to the
agricultural district of middle Florida and southwest
Georgia, but by today’s standards, of course, could
hardly be called a railroad. It had no steam engines.
The first engine, which was purchased about 1837. has
never been proven to have been operant, and as of 1855,
the railroad was still using horse-drawn cars, much as
in the 1830’s when the cars were small, wooden, and
pulled by mules.
General R. K. Call was the principal owner of the
railroad. He is best known as having twice served as
territorial governor of Florida, and was one of the
leading citizens of the period through the Civil War.
A hurricane and tidal wave practically destroyed the
town of Port Leon in 1843, and along with it, that end of
the railroad in that section. When the railroad was
reopened, it ran only to the St. Marks river. Complete
reconstruction of the railroad to a five-foot gauge was
accomplished in 1856, and two locomotives (4-4-0)
were ordered from Baldwin, Florida, in 1856.
The railroad prospered for many years and was the
one line that made a substantial contribution to the early
period of Florida’s history.
II. Lake Wimico & St. Joseph Canal &
Railroad Company
The second railroad was promoted by those who pro-
moted the City of St. Joseph in the Florida panhandle,
and was incorporated as the Lake Wimico & St. Joseph
Canal & Railroad Company. It had an authorized
capital of $250,000. Organized in 1835, it was authorized
to build a canal or railroad to connect the Appalachicola
River through Lake Wimico to St. Joseph Bay at the
tow'll of St. Joseph, which had been established and was
competing with the city of Appalachicola to be the
major outlet for the produce of that area. Material
came to this cultural town from the north region through
the Chattahoochee, Flint, and Appalachicola Rivers. The
line was started in 1846, with nine miles completed from
St. Joseph to Lake Wimico. The steam engine used on
this line on September 5, 1836 was the first in the state
of Florida.
The road failed and was abandoned during 1839, at
which time a new line was built 30 miles from St. Joseph
to the village of Iola on the west bank of the Appalachi-
cola River, just north of its confluence with the Chipola
River. One remaining quote in the St. Joseph’s Gazette
of September 9, 1837, said, “A few days ago Uncle Ben
called on them [railroad] for a little small change and
the company could raise nothing but scrip [as displayed]
and this would not discount at the central bank”
[Tallahassee]. Thus ended the noble efforts of the Lake
Wimico & St. Joseph Canal & Railroad Company.
III. Florida Atlantic & Gulf Central
Railroad Company
The third railroad known to have issued scrip in
Florida during its early statehood days was organized
in 1851, and was known as the Florida — Atlantic & Gulf
Central Railroad Company, Jacksonville. Due to the
lack of state financial assistance, it was dormant until
1853, and was authorized to issue stock up to three
million dollars and to build a railroad from Jackson-
ville to Alligator, the town which since has become known
as Lake City, a distance of 60 miles.
The railroad received a Florida grant of 164,568.21
acres and a federal grant of 29,893.74 acres. The road-
bed grading and track laying began in Jacksonville, and
PACE 60
Paper Money
WHOLE NO. 50
in the summer of 1857, work was stopped due to a
yellow fever epidemic. It was completed March 13, 1860.
The railroad experienced severe financial difficulties
during the 1860’s due to the Civil War and was described
in 1868 as “two streaks of rust running through the
wilderness.” It was purchased by William E. Jackson
for §111,000 and rechartered on July 29, 1868, as the
Florida Central Railroad Company.
IV. Florida Railroad Company
The fourth and last railroad which issued scrip prior
to the Civil War was the Florida Railroad Company,
Fernandina. This was the most important Civil War
railroad and was truly a cross-state line and the major
transportation organization for Florida during its early
history. It was incorporated on January 8, 1853, with
an authorized capital of one million dollars. The pro-
posed route was from Fernandina on the Atlantic Coast
north of Jacksonville to Cedar Key on the Gulf Coast.
Its president was David Levy Yulee, who was also a
United States Senator and a distinguished Floridian of
this period. The chief engineer was Martin L. Smith.
The railroad received from Florida and the federal
government nearly 800,000 acres to be sold for the bene-
fit of the company to build the line.
The custom in the early days of Florida’s history, and
I am sure in much of the country, in order to encourage
railroad construction was to grant right-of-way of ap-
proximately 200 feet and to convey title to the railroad on
alternate sections of land to a depth of six miles on each
side of the railroad. This, of course, was a staggering
amount of land and is the land referred to in the grants
from the federal government and the government of
Florida to these early railroads.
Construction of the five-foot gauge line started in 1856,
and due to financial problems was not finished to Cedar
Key, a distance of 155.5 miles until March 1, 1861. The
failure of this railroad to make required interest pay-
ments caused possession by the Internal Improvement
Trustees of the State of Florida, who forced its sale on
October 6, 1866.
o
The following is a list of all known notes issued by
these four railroads during this period of time. Please
contact this writer if additional notes are known to you.
TALLAHASSEE RAIL ROAD COMPANY,
TALLAHAHASSEE
25c C Printed scrip, payable on demand to bearer in
transportation. Early railroad train and cars
at top.
Imprint: None.
Date: 186 — printed, July 61 filled in.
Signature: F. H. Flagg, Treas.
1.00 A-B (L) ONE across. (C) Dockside scene, boats,
train and drays. (R) ONE at top. Receivable
in payment of all our dues. Roman numberal I.
2.00 A (L) TWO in border. (C) & (R) Same as above
except value.
3.00 A Not known, probably same as above except
value.
Imprint: Rawdon, Wright, Hatch & Edson,
New York.
Date: 18 — engraved, different dates of 52-56
written in.
-Zl'AcltlU
Tallahassee Rail Hoad Coin pam
A Of /ft
'///////• VJt
Tallahassee Railroad Co. $1 note
wianmm
C*jcAU^jeu.s.s:i:i: xiaj u moad
oowytM
'//,///„«, TTuio Dollars / // // //////if*
Tallahassee Railroad Co. $2 note
Signatures: T. J. Perkins, Secty., R. K. Call,
Pres, on early dates.
R. A. Shine, Secty., E. Houstoun, Pres, on
later dates.
1.00 A-B (L) Woman with hair in curls. (C) Family
group waving at train. (R) 1 in medallion
above and below. Plain reverse.
1.00 A-B Same as above with elaborately printed reverse.
2.00 A (L) Anchor and cotton bales. (C) Railroad
train on viaduct. (R) Woman wearing bonnet.
Plain reverse.
2.00 A Same as above with printed reverse.
3.00 A (L) Woman wearing hood. (C) Ship-wrecked
sailor with boat and anchor. (R) 3 in medallion.
Plain reverse.
3.00 A Same as above with printed reverse.
Imprint: American Bank Note Company.
Date: 18 — engraved, different dates of 59-70
written in.
Signatures: F. H. Flagg, Secty., E. Houstoun,
Pres, on early plain reverse notes.
F. H. Flagg, Secty., J. S. Stone or M. L.
Littlefield, Pres, on later dates and on
printed reverse notes.
NOTE: Both of the above issues were over-
printed in green with elaborate lathe and die
work. The printed reverses are all green on
white. Many unsigned or partially filled in
and signed notes with the green reverse exist
today and a number of uncut sheets exist.
LAKE WIMICO & ST. JOSEPH CANAL & RAILROAD
COMPANY, ST. JOSEPH
5.00 A Decorative border at each end, four-masted
schooner in center.
10.00 A Same as above except for value.
“Payable six months after date to or
bearer, in current bank notes on demand at
their office in St. Joseph at six per cent per
annum from the date.”
Imprint: None.
Date: 1837 engraved, month and day filled in.
Signatures: R. S. Griggs, Secretary; R. C.
Allen, President.
WHOLE NO. 50
PACE 61
Paper Money
£ x
i
>»» Mtoiiihs all. r
M ■•■in n Mild *1.
({ ill. It Oil)# O 2
x S
r« hi hi. nk nnli't on ilriiiiinil al (In ti oiMi *
(M-r Hunam Irmn ltd- <lidt
dill* . “Tkr I.Hk<
JllM'pIl I ■•■■ill A
* i > \ .
> 1*01 1. iKV in rur-
I. J»sr|.h :U six pi r mil ‘
Lake Wimico and St. Joseph Canal & Railroad Co. $10 note
FLORIDA RAILROAD COMPANY
1 ^ ^ r y/ '///////
Florida Railroad Co. $1 note
FLORIDA ATLANTIC & GULF CENTRAL RAILROAD
COMPANY, JACKSONVILLE
1.00 (L) Railroad train. (C) Beehive. (R) Eagle on
shield.
2.00 (L) Railroad train. (C) Beehive. (R) Mercury
standing.
3.00 (L) Railroad train. (C) Eagle. (R) Sailboat and
steamer.
Imprint: North, Sherman & Co. 96 Chambers
St., N.Y.
Date: 185 — engraved, month and year 1859
filled in.
Signatures: George R. Foster, Treas., L. P.
Sanderson, Pres.
NOTE: A sheet of six notes, three of each
denomination exists.
1.00 A-B (L) Train under a viaduct. (C) Two horses,
train in background. (R) Head of young
woman. Plain reverses.
1.00 A-B Same as above with green reverse.
2.00 A (L) Two Indians standing. (C) Engine with
one car. (R) Marsh scene with baskets of
cotton. Plain reverse.
2.00 A Same as above with green reverse.
3.00 A (L) Man on horseback and cattle. (R) Loco-
motive with several cars. (R) Indian girl and
child. Plain reverse.
3.00 A Same as above with green reverse.
Imprint: American Bank Note Company, New
York.
Dates: 18 — engraved, 59-61 on plain reverses,
63 on green reverses.
Signatures: George L. Bryant or George R.
Foster, Treas. L. P. Sanderson, Pres, on
plain reverses.
Thomas G. Smaxey, Treas., S. L. Dibble,
Pres, on green reverses.
Florida Atlantic & Gulf Central Railroad Co. $3 note
FLORIDA RAIL ROAD COMPANY, FERNANDINA
25c Printed scrip, payable to bearer in transpor-
tation, no locale indicated. Printed date 1st
August, 1861. No imprint.
50c Same except for value.
50c (L) Woman with fruit on clouds. (C) Wood-
men cutting trees. (R) Cattle under viaduct.
1.00 A-B (C) Railroad train at station. (R) Woman
with rose.
2.00 A (C) Side wheel steamer. (R) Two children.
Imprint: American Bank Note Company.
Date: 18 — engraved, 60-61 written in.
Signatures: George N. Call, Treas., A. H.
Cole or L. E. Larkin, Supt.
NOTE: This issue printed in black and white,
plain reverses; all 50c notes are unsigned.
1.00 A-B (L) Child’s head. (C) Railroad train at sta-
tion. (R) Woman with rose.
2.00 A (L) Value in medallion. (C) Side wheel
steamer. (R) Two children.
3.00 A (L) Woman with fruit on clouds. (C) Wood-
men cutting trees. (R) Cattle under viaduct.
Imprint: American Bank Note Company.
Date: 18 — engraved, 67 written in.
Signature: William S. Roberts, Treas., printed
in.
NOTE: This issue has green overprint of
1867 on obverse, plain reverses and notes
are mechanically numbered in red ink.
Acknowledgments
The writer is indebted to Mr. Harley L. Freeman, au-
thor of Florida Obsolete Notes and Scrip, for the descrip-
tion of the notes mentioned above; also to George
Pettengill, Jr., for much background information quoted
from Bulletin #86, The Story of the Florida Railroads,
1834-1903, copyright, 1952, by the Railway & Locomotive
Historical Society, Inc., and lastly, to Allen Morris for
quotes on transportation in Florida from the Florida
Handbook, 1949-1950.
Greek Emergency Paper Money Subject of Monograph
The November 1973 issue of Spink & Sons of London
“occasional banknote supplement No. 5” includes a lengthy,
well-illustrated article by Costas Chr. Hadziotis on the
local emergency notes of Greece. They were issued in the
fall of 1944 upon the withdrawal of Nazi occupation
forces. A wide, chaotic inflationary period followed in
which various towns and islands issued their own cur-
rency until Nov. 11, 1944.
New Money Museum Scheduled for Boston
Included in plans for Boston’s new Federal Reserve
Plaza to be opened in 1976 is a money museum which
will trace the evolution of money from Roman times to
the present. Featured will be a special Bicentennial
exhibition “Money in America,” depicting Continental
currency, a Commonwealth of Massachusetts note, Bank
of America notes, currency and notes issued by state
banks, currency and scrip issued by business firms, and
many other types of money.
The display is also expected to include specimens of
U. S. currency, die proofs of F'ederal Reserve Notes,
Clearing House certificates, and other instruments.
PACE 62
Paper Money
WHOLE NO. 50
By M. Owen Warns
The Territorial National Banks of The
Hawaiian Islands
(Continued from Paper Money No. 49, January, 1974)
The National Banks on the Island of Maui
Two Down and Two To Go !
.3985410R
5550 4
Friedberg #640, Third Charter, Dated Back, serial
174
Early issue, no “P.” Friedberg #477, Brown Back, serial
800
S HORTLY after the article on the Territorial Na-
tional Banks of the Hawaiian Islands appeared in
the January issue of Paper Money, a letter arrived
from Jack Everson of Mildland, Texas, and among his
comments was, “Your article is liable to unearth a
note from one of the missing banks on the Island of
Maui.” A few days later I received a letter from Amon
Carter, Jr., of Fort Worth, Texas. Amon wrote, “In
checking I find I have a 820 note from the Lahaina
National Bank of Lahania.” How is that for a prophecy
coming true!
The Lahaina National Bank note is excessively rare,
in fact unique at this writing, and is likely to continue
so. This note has its niche in the glittering setting of
truly great National Bank Notes. Just how rare this
note really is can be readily determined from the small
number of notes printed. The $20 note w r as at the tail
end of a 10-10-10-20 plate layout, with only 204 sheets
printed. That would be exactly 204 $20 notes. With
this limited availability of notes for circulation we
must repeat how fortunate it is that we are now able
to see a note of this great rarity.
Of the four National Banks on the Island of Maui, w f e
are now able to record notes from the Lahaina Na-
tional Bank, Charter 8101, and the Baldwin National
Bank of Kahului, Charter 8207. Still to be reported are
those notes from The First National Bank of Wailuku,
Charter 5994, and The First National Bank of Paia,
Charter 10481.
If you will refer to the same issue of notes described
on Page 17 of the January issue of Paper Money, you
will find a $5 Brown Back, Fr. #477, with serial #1020.
On this note there appears the letter “P” (Pacific). It
was during the Brown Back issuing period that geograph-
ic letters began to appear. Now' Amon Carter reports
a serial #800 without the “P.” It is therefore plausible
to assume that the initial order, say for a thousand $5
notes from which the above serial #800 was a part, did
not receive the letter “P,” having been printed before
the geographic letter was placed in use in the production
of these notes. Serially numbered note #1020 could
have come from the second order for $5 notes at which
time the geographic letter had been placed in use. One
thing is definite: the change had to take place some-
time between notes serially numbered 800 and 1020.
Unique California Broun Back Sheet
The First National Bank of Covina, California Charter .11130
Chartered March 27, 1901
J. C. Hutchinson, Jr., Cashier
Janies II. Adams, President
Capital $50,000
i state#*;
Paper Money
PACE 63
WHOLE NO. 50
vV ,o>ai. rnno.-v,., p; 362gi
p 'JTm !£>&!!£
y /'W//WK.vi* •
C OLLECTORS of California Nationals will be de-
lighted to learn of the existence of this sheet,
Friedberg #477, which was graciously sent to us by
Charles G. Colver for the benefit of our membership.
It was issued during the waning period of the Brown
Back issues and has the 12th set of Treasury official’s
signatures — Lyons and Roberts. It is the sole California
Brown Back sheet known.
Oddly enough, The Covina Valley Savings Bank also
established in 1901 had the same three officers in both
banks by 1907. Here is how the two banks were officered :
First National Bank, Covina — President, M. Leon-
hardt; Vice-President, W. M. Griswold; Cashier, J. D.
Coles.
Covina Valley Savings Bank — President, W. M. Gris-
wold; Vice-President, M. Leonhardt; Cashier, J. D. Coles.
There should be an unusual story in this unique set-up!
ARIZONA
STATE OR TERRITORIAL NATIONALS
WANTED
All Banks, All Series, Any Condition,
Except Washed or Doctored Notes.
Top Prices Paid (Or Many Trades!)
PETER HUNTOON
P.O. BOX 81002, LINCOLN, NE 68501
PACE 64
Paper Money
WHOLE NO. 50
Statistical information on the five most popular U. S. notes
The Quintessential Quintet
By Morey Perl mutter
T HE general popularity of U. S. paper money among
collectors, on its own obvious merits or as an ad-
junct to coins and other historical antiquities, has
increased over the past five years to an extent light years
beyond the most extravagant prognostications of the “rag-
pickers” of yesteryear. Long dormant in a field domi-
nated by numismatists and philatelists, United States
large-size paper money issued between August 10, 1861
and July 10, 1929, probably the most representative
ART vehicle of our 19th century renaissance, finally
came of age with a reverberation worthy of a high
reading on the Richter scale. Whereas coins over the
years were given liberal (even if oftentimes inaccurate
and erroneous) coverage in the press, paper money was
generally neglected. Even today, in my personal exper-
ience, I have found that many older people have no recall
whatever of any large bills, other than the Series 1914
Federal Reserve Notes, and Series 1923 one dollar
Silver Certificates which proliferated almost into
infinity. In large part, this may be due to the fact that
paper was more transient than and not as durable as the
beautiful gold and silver coinage we once enjoyed.
In the age of the collector-investor, certain issues re-
main more in demand than others. In paper money,
there are five notes which are outstanding in this
respect: The Series 1901 $10 Legal, the “Bison” note;
the Series 1899 $5 Silver, the so-called “Onepapa” note;
and the Series 1896 $1, $2 and $5 Silvers, the famous
“Educational” notes. Their popularity among paper
collectors is academic, but among others is endemic. The
Indian and Buffalo notes are about as true “Americana”
as one could hope to find. (The “Pioneer” $5 Legals of
1869-1875-1878-1880-1907 follow a close second.) The
“Educationals” are probably the finest examples of the
engravers’ original art extant, notwithstanding the super-
lative First Charter Period reverses, which in the
opinion of many, are better than the originals adorning
the Capitol rotunda walls. Indeed, these five notes have
provided the nucleus of many a large or modest collection
of United States paper money.
My purpose is not necessarily to provide new informa-
tion concerning these issues, nor is it an attempt to pre-
sent in a different form what has already been expounded
within these pages, despite my desire to adhere to the
former concept. To the best of my knowledge, the
statistics herein represent the first time they have been
gathered together for the convenience and edification of
the collector. These tables are being prepared in early
December, 1973. It is quite possible that by the time
this appears, new publications may be available with
similar figures on these and other notes, some even to
the extent of signature-combinations, that have never
been a matter of public record.
The following encompasses the full issuances of our
“five notes” and was gathered from Bureau of Engraving
and Printing reports showing fiscal year deliveries to the
Disbursing Unit of the Treasury Department. Although
the statistics are available in part from other sources, it
is my wish that these figures alluding to the most popular
notes be handy in this comprehensive form which will
be of possible assistance to the collector and researcher.
Educational $1
Fiscal Year
Sheets
Notes
Dollar Value
1897
4,932,000
19,728,000
$ 19,728,000
1898
5,127,000
20,508,000
$ 20,508,000
1899
4,277,000
17,108,000
$ 17,108,000
14,336,000
57,344,000
$ 57,344,000
Educational $2
1897
1,419,000
5,676,000
$ 11,352,000
1898
1,399,000
5,596,000
8 11,192,000
1899
1,866,000
7,464,000
8 14,928,000
1900
479,000
1,916,000
8 3,832,000
5,163,000
20,652,000
8 41,304,000
Educational $5
1897
2,040,000
8,160,000
8 40,800,000
1898
2,779,000
11,116,000
8 55,580,000
1899
1,842,000
7,368,000
8 36,840,000
1900
2,072,000
8,288,000
8 41,440,000
8,733,000
34,932,000
8174,660,000
$5 Silver 1899
(“Onepapa”)
Fiscal Year
Sheets
Notes
Dollar Value
1900
119,000
476,000
8 2,380,000
1901
6,349,000
25,396,000
8 126,980,000
1902
7,093,000
28,372,000
8 141,860,000
1903
8,928,000
35,712,000
8 178,560,000
1904
11,059,000
44,236,000
8 221,180,000
1905
5,021,000
20,084,000
8 100,420,000
1906
9,078,000
36,312,000
8 181,560,000
1907
7,404,000
29,616,000
8 148,080,000
1908
6,603,000
26,412,000
$ 132,060,000
1909
6,888,000
27,552,000
8 137,760,000
1910
6,913,500
27,654,000
8 138,270,000
1911
6,272,000
25,088,000
8 125,440,000
1912
7,311,000
29,244,000
8 146,220,000
1913
6,078,000
24,312,000
8 121,760,000
1914
6,488,000
25,952,000
8 129,760,000
1915
3,966,000
15,864,000
8 79,320,000
1916
6,738,000
26,952,000
8 134,760,000
1917
5,524,000
22,096,000
8 110,480,000
1918
3,209,000
12,836,000
8 64,180,000
1919
(None printed)
1920
(None printed)
1921
1,775,000
7,100,000
8 35,500,000
1922
5,522,000
22,088,000
8 110,440,000
1923
7,174,000
28,696,000
8 143,480,000
1924
3,456,000
13,824,000
8 69,120,000
1925
2,494,000
9,976,000
8 49,880,000
1926
51,000
204,000
8 1,020,000
141,513,500
556,054,000
82,830,270.000
WHOLE NO. 50
Paper Money
PACE 65
$10 Legal 1901 (“Bison”)
Fiscal Year
Sheets
Notes
Dollar Value
1902
2,151,000
8,604,000
$
86,040,000
1903
3,329,000
13,316,000
$
133,160,000
1904
2,021,000
8,084,000
$
80,840,000
1905
3,810,000
15,240,000
$
152,400,000
1906
2,092,000
8,368,000
$
83,680,000
1907
2,291,000
9,164,000
$
91,640,000
1908
694,000
2,776,000
$
27,760,000
1909
1,302,000
5,208,000
$
52,080,000
1910
1,692,500
6,770,000
$
67,700,000
1911
175,000
700,000
$
7,000,000
1912
1,571,000
6,284,000
$
62,840,000
1913
485,000
1,940,000
$
19,400,000
1914
879,000
3,516,000
$
35,160,000
1915
1,817,000
7,268,000
$
72,680,000
1916
188,000
752,000
$
7,520,000
1917
346,000
1,384,000
$
13,840,000
1918
357,000
1,428,000
$
14,280,000
1919
(None
printed)
1920
(None
printed)
1921
360,000
1,440,000
$
14,440,000
1922
2,547,000
10,188,000
$
101,880,000
1923
1,735,000
6,940,000
$
69,400,000
1924
3,590,000
14,360,000
$
143,600,000
1925
2,339,000
9,356,000
$
93,560,000
1926
1,468,000
5,872,000
$
58,720,000
37,239,500 148,958,000 $1,489,580,000
Federal Reserve Corner
T HE big news of the day is the approaching publi-
cation of Chuck O’Donnell’s newest edition of his
Handbook. With April as the appearance date,
we can expect some big things in store for us. Chuck
has expanded the Standard Handbook, which last ap-
peared in 1971 in 3d Edition, to cover Federal Reserve
Notes through the $20 denomination. Much new in-
formation has been dug out of the Bureau files, as well
as obtained from all major paper money collections.
There will be a brisk demand for this book, but here
we can expect some difficulty as the printing has been
very limited. We will review this book on appearance.
The Bureau of Engraving and Printing has continued
with a heavy schedule of $1 notes on the COPE over-
printing equipment. The six groups of Series 1969 D
notes to be COPE produced, and which will he appear-
ing in these districts shortly, are:
New York B 01920001 D thru B 64640000 D
Chicago G 15360001 C thru G 99840000 C
G 00000001 D thru G 17920000 D
(further printings in this run are possible,
as this is latest printing only.)
San Francisco L 16440001 D thru L 31360000 D
(same here as for last Chicago printing.)
All other printings in the past few months were con-
ventional. The hardest series of serials to locate seem
to be the final press run in the Block, or from notes
99 840 001 thru 99 999 999. These are being eagerly
sought, and should you find any of these, obtain them.
There is much greater interest in the $1 and $5
denominations than ever before. We expect to expand
into the $5 denomination in the near future, so keep us
posted on new items being found in all denominations
within your district. Thanks for your contined help.
Nathan Goldstein II
Box 36
Greenville, Miss. 38702
THE CHECKBOOK
Imprinted Revenue
Stamps on
Checks
Now Illustrated
in
Philatelic Catalog
C HECKOPHILES and collectors of other types of
security paper now have available a completely
illustrated and priced listing of the imprinted rev-
enue stamps used during the Civil War period until
1882 and again briefly during the Spanish-American
War. Although Scott’s United Stales Stamp Catalogue
Specialized has carried a listing for many years, it was
illustrated only by inadequate line drawings with blank
centers which made identification difficult. Now the
Scott people have added clear photographs in the 1974-
edition of their catalogue, available at stamp dealers
and department stores.
This improvement resulted largely from the efforts
of a Miami Beach attorney and collector of revenue
stamps, Samuel S. Smith. For more than a year his
series of articles dealing with each basic type of design
has been appearing in The United Slates Specialist,
journal of the Bureau Issues Association, a philatelic
organization of collectors of U. S. stamps and postal
history. Most of these issues (January through Novem-
ber, 1973, and February and March, 1974) are still
available from the Executive Secretary, BIA, 19 Maple
St., Arlington, MA 02174. Please enclose a stamped,
addressed envelope when writing for information.
Several more installments will be required for completion
of the series.
The addition of the photographs to the Scott catalog
will greatly stimulate interest in checks with the revenue
impressions, already considered a popular specialty
cutting across the lines between philately and numis-
matics.
PACE 66
Paper Money
WHOLE NO. 50
Bank Statement
Tells Civil
War Story
This is one of the scarcer notes on the Bank of Camden. The vignette at the left shows
the Marquis de Lafayette and is signed by the famous engraver, Ceo. W. Hatch. South
Carolina law required each bank note to have three different hand-writings on each note.
Thus, there are two signatures and the clerk’s hand-written date and serial number. The
number and date on each side of the note were used to identify half notes sent through
the mails separately as a security measure.
By J. Roy Pennell, Jr.
ANK statements often contain much more infor-
mation than just the bank’s condition. The Bank
of Camden’s statement printed below has much
interesting and historical information.
The Bank of Camden, located in South Carolina near
the center of the state on the fall line, was chartered
on December 19, 1835. Camden was an early South
Carolina settlement (1765), and many prosperous
planters resided there. The Bank of Camden did not
survive the aftermath of the Civil War. During the
post-war military occupation, the South was looted by
carpetbaggers and scalawags, and the Bank of Camden
was one of the victims.
The Civil War as just over one year old at the time
this statement was prepared. The §43,735.55 in Trea-
sury notes were, of course, CSA paper money. The
odd 55c probably came from the interest due on various
circulating notes. Gresham’s Law had already driven
the Bank’s notes out of circulation, and Confederate notes
were widely used. Cotton was not being sold, so the
planters were unable to pay their notes. The Bank had
no choice but to put the notes in the suspense file be-
cause “you cannot get blood out of a turnip.” One of
the causes of the Civil War was the South paid high
taxes in the form of import tariffs (to protect Northern
industry ) . The South felt they were paying more than
their fair share of the National expense. The remarks
on the CSA debt of $400,000,000 refers to this situ-
ation. At this early date in 1862, one can see that the
South’s position was considered precarious. Reading
between the lines of this Bank statement gives a good
picture of the true conditions at this time.
Bank of Camden, So. Ca.
July 1, 1862
The* following statement and explanatory remarks are submitted to the stockholders of this Bank. Viz:
Capital $450,000.00
Circulation 148,972.50
Deposits . ... 71,407.24
Balance due Banks in this State 726.62
Balance due Banks in other States .... 16.68
Net profits (appearing on the books,
besides interest accruing but not
paid 1 7,890.01
Specie
R«al Estate
Bills of other Banks
Balance from Banks in this State
Banks in other States
Treasury Notes
Agencies —
Notes
Bonds-private $13,926.82
Bonds State 9,000.00
Bonds Confederate 29,000.00
Domestic Exchange
Suspended Debt. ...
$ 9,015.13
6 , 000.00
16,514.00
6,091.62
230.40
43,735.55
35,286.69
19,262.48
51,926.82
60,612.64
430,325.32
$679,003.05
$679,003.05
The magnitude of the suspense account will, doubtless,
attract attention. Payment had almost entirely ceased,
and the alternative was to renew notes indefinitely, at
6 per cent discount, involving much inconvenience to all
parties, or let paper as it matured pass into the suspense
account and bear 7 per cent interest. The latter course
was deemed best, and hence the extraordinary amount
under this head.
Our Western paper, which was all deemed good, being
nearly all drawn by responsible planters on the best houses
in New Orleans, bears from 8 to 10 per cent by contract,
and amounts to about $100,000. Our paper here is all
considered good, and can only be made otherwise by
disastrous course and termination of the war.
The accruing interest on our whole mass of paper, will
net probably $40,000 by the 1st of July 1863, up to which
period the usual dividends of 8 per cent are pre-paid.
This with the profits appearing on the books, and interest
already accrued, say $40,000, or more, will amount to
$80,000 by said 1st July, 1863, and it may be deemed
expedient to pre-pay the dividend for July 1863.
The pre-payment of the dividend for July, instant, and
January next, was an extraordinary proceeding, but right
WHOLE NO. 50
Paper Money
PACE 67
every way, being very opportune for many of the stock-
holders, and prudent and proper for other reasons. Our
assets are good for three times the amount of all our
liabilities. We have been, and will continue to be, ready
to meet all current demands upon us; the amount of pro-
fits on the 1st instant, from which the next January
dividend was pre-paid, was really about $60,000— that
dividend was $18,000. leaving more than $40,000. We
held some $70,000 of Treasury Notes, besides Bank Notes
and other available means adequate to meet the pre-paid
dividend, and all the immediate liabilities that we may
reasonably expect to have to meet. Our notes have ceased
to return upon us for redemption, and we do not expect
that they will be returned whilst the war lasts, and
Treasury Notes continue to increase in amount. These
notes are current money — the money — and available now
to the stockholders who mostly need the dividends at this
time. The course, therefore, though unusual, was right,
prudent and proper every way to all parties — toward the
country and the creditors of the Bank; and toward the
owners of the funds divided.
Save the amounts heretofore mentioned in our circulars,
as very doubtful, say $8,000, there are no other debts due
us considered as in that condition, if the war should now
terminate, or continue without overwhelming disasters and
subjugation, or ruin — to one or the other of which condi-
tion it is the fixed and diabolical resolve of the enemy
to reduce us! Should the war end now, we are not much
hurt, and would soon recover our position, and again
prosper with the prosperous advance of the grand
Southern Confederacy. Our taxation for interest of a
debt of $400,000,000, with other expenditures, would be
enormous, but the expenditure would be made at home, and
the exhausting Tribute to Yankee-dom, direct and indirect,
would have ceased forever.
The money and other assets of the Bank have been
counted and examined, and found to correspond with the
books, and we are ready at a minute’s warning, upon
the approach of the enemy, to change the location of the
Bank, and have, by private circulars, notified all deposi-
tors, special and general, in case of interior invasion, to
call promptly for their deposits. Our notes are carefully
counted and sealed up, under the seal of the Board, in
strong boxes, ready for burning whenever the necessity
becomes manifest.
W. H. R. Workman, Cashier. W. E. Johnson, President.
FLORIDA i\OTES
WANTED
ALL SEISIES
Also
A Good Stock
Of Notes
Available
WARREN HENDERSON
P. O. BOX 1358, VENICE, FLA. 33595
’VMUN<3KI>*.
WANTED
OBSOLETE PAPER MONEY
(Bank Notes, Script, Warrants, Drafts)
of the AMERICAN WEST
Oregon. California. Idaho. Nevada, Arizona, Utah. Mon-
tana, Netv Mexico, Colorado; Dakota, Deseret, Indian,
Jefferson Territories!
Cash paid, or fine Obsolete Paper traded.
Have Proof notes from most states, individual rarities, seldom seen denominationals, Kirtlands, topicals; Colonial, Continental;
CSA, Southern States notes and bonds. Also have duplicate Western rarities for advantageous trade.
JDHN J. FDRD, JR. p. o. BOX 33, ROCKVILLE CENTRE, N. Y. 11571
PAGE 68
Paper Money
WHOLE NO. 50
WORLD NEWS AND NOTES
ARGENTINA: 50 Pesos, dark brown, and
500 Pesos light green. Both notes are
155 x75mm, contain the national es-
cutcheon watermark, feature the por-
trait of General San Martin (aged
version) on the front, and national
scenes on the back.
AUSTRALIA: 50 Dollars, 165x82.5mm,
released on 9th Oct. 1973. The im-
portant new feature of this note is
that its title is simply “Australia,”
instead of the familiar “Common-
wealth of Australia." The front has a
portrait of Lord Florey, an experi-
mental pathologist who helped develop
penicillin; laboratory equipment is in-
corporated in the background design.
The back features Sir Ian Clunies
Ross, a veterinary scientist whose
credits include work on parasites af-
fecting livestock. The predominant
color of the note is gold, with blue-
black, brown, and green overprints.
BARBADOS: The newly independent Bar-
bados began circulating its own cur-
rency on 3 Dec. 1973. The first note,
issued by the Central Bank of Bar-
bados, is: 20 Dollars, 149x65mm, with
watermark, featuring Samuel Jackman
Prescod and coat of arms in the front,
and a bridge leading to a castle on the
back. Barbados had been using the
currency of the East Caribbean Cur-
rency Authority. Both the ECCA and
Barbados dollars are currently equiv-
alent to USA $0.50.
BRAZIL: All “old” 5000 Cruzeiros
notes, whether surcharged 5 New Cr.
or not, and all “old” 10,000 Cruzeiros
notes, whether surcharged 10 New
Cr. or not, will cease to be legal tender
on 1 July 1974.
BURMA has issued a new series of notes
— no further details at this time —
which will circulate along with the
older types (until further notice, I
imagine) .
CEYLCN: New name for country is now
SRI LANKA, q.v.
CHILE: 1000 Escudos, 146x70mm, pre-
dominantly red and blue, features a
portrait of Jose Miguel de Carrera,
military dictator, 181 1-1813, and
Spanish legend which translated means
“The hour of American independence
has arrived. No one is able to avoid
it."
COLOMBIA withdrew its 500 Pesos notes
from circulation on 1 Dec. 1973,
possibly as a counter measure against
a large burglary of these notes. They
are still redeemable, but subject to
careful examination.
'OSTA RICA: Banco Central de Costa
Rica has released two new notes: 10
Colones, 156x67mm, olive green, with
Rodrigo Facio Bernes on the front, the
central bank building on the back, and
containing a “BCCR 10" watermark;
50 Colones. 156X67mm, blue, with
Manuel Barro de Penalta y Alfaro on
the front, a building on the back, and
with a "BCCR 50” watermark.
CZECHOSLOVAKIA: 500 Korun, I52x
67mm, predominantly brown, features
two soldiers the Slovak national up-
rising in 1944 and coat of arms on
the front; the back depicts the ruins
of Devin castle and contains an en-
graving of a bronze “ride falera” (a
coin-shaped object) of Slavonic-
Avarian origin, from an archeological
find near Devin.
CZECHOSLOVAKIAN “Tuzex-Koruna”
Currency: Available in 0.50 (50
Haleru), 1, 5, 20 and 100 Tuzex-
Korun denominations, and paralleling
the values of Czech currency; are
illegal for Czech citizens to own!
Rather, this currency is for tourists
only, obtainable for the hard currencies
of West Germany, Switzerland, Eng-
land and USA, and "spendable” in
special “export” stores.
** ‘Special Note: While my main inter-
ests in paper monies lean toward paper
currencies, i.e., “primary” issues such
as those of central banks, central or
federal governments, and other estab-
lished (as opposed to provisional or
other types of fly-by-night) govern-
ment issuing authorities, I will list in
this column such other “secondary"
issues which mav be brought to my
attention. Examples: the above listing;
troops’ vouchers, under “Judaica” list-
ing, below.
CAMBIA: 5, 10, and 25 Dalasi, with
First President Sir Dawda Kairaba
Jawara on the front, and head of a
crocodile watermark. The 5 Dalasi,
1 35x70mm, carmine, features "steve-
dores” on the back. The 1 0 Dalasi,
1 45x80mm, green, depicts a net
fisherman in a boat. The 25 Dalasi,
155x90mm, blue, pictures machine
operators.
GERMANY, EAST: 50 Mark, 1971, 1 36x
59mm, predominantly carmine, fea-
tures Friedrich Engels on the front, and
an Oder river oil refinery on the back.
INDIA: 10 Rupees, 137x63mm, Asoka
pillar watermark. Predominantly dark-
gray and beige, the front has a large
numeral and A'oka pillar, and the back
portrays a sailship.
JUDAICA: A 1 Lira (caUSA$0.24) spe-
cial troops’ voucher, issued by the
Shekem ( Israeli post exchange) , sent
by families of servicemen to military
personnel on the Egyptian and Syrian
fronts, dark and light blue, black, and
with red control numbers, is reportedly
the first numismatic item attributed to
the 1973 Yom Kippur War.
LUXEMBURG: 50 Francs, 136x75,
multicolored, portrays Grand Duke Jean
on the front, and features a factory
scene on the back. Issued by Grand
Duchy of Luxemburg.
MALACASY REPUBLIC: The Franc of
this country is no longer convertible
into a French Franc.
MALAWI has issued a set of seven
Kwacha denomination notes. All notes
feature President Dr. Hastings Kamuzu
Banda on the front, and a cock water-
mark. Backs depict various scenes.
Notes are various colors. The 0.50 K
(50 Tambala), 124x70mm, exists in
two varieties ...IK, 134x76mm
. . . 2 K, 150x82mm . . . 5 K. 1 52x
82mm ... 10 K, 160x88mm, also
exists in two varieties. Wow! What
next? Perforated & imperforated with
and without watermarks, etc., just to
catch collectors with their wallets
open? Perhaps the source of this info
meant signature varieties? Well, more
about this when I know more.
MALAYSIA: The Dollars of the Malay-
sian Federation and the Republic of
Singapore haven’t been interchange-
able since 8 May 1973. (This, in
case you were napping ... I must
have been ... it was news to me.)
MALI: 500 Francs, 130x85mm, depicts
tractors and drivers on the predomi-
nantly green and bistre front, and a
camel caravan on the multicolored
back. President Mamadou Konate is
featured on the watermark.
MAURITANIA: The Islamic Republic of
Mauritania, which has previously been
using the currency of West African
States (CFA Francs), has issued its
own new currency, via Banque Cen-
trale de Mauritanie. The new mone-
tary unit, Ougiya, consists of five
Khoum, each Khoum being equal to
one CFA Franc. The three notes are:
100 Ouguiya, 144x70mm, with wom-
an with palm trees and millet on
the front, and boat with rowers on
the back . . . 200 Ouguiya, 1 55x80
mm, pictures another woman and tent
type structure on the front, and
camels on the back . . . 1000 Ouguiya,
1 66x90mm, features a welder and
rug weaver on the front, and women
either playing musical instruments or
doing their laundry in the river, plus
the stand-bv, basket-on-the-head trick
on the back.
MEXICO has placed a new type 50
Pesos note into circulation.
SRI LANKA: Might as well get to know
this new name, fans! I'll be using it
henceforth, even if discussing older
issues of, er . . . what was it again?
. . . oh, yeah! Ceylon! Anyhow, Sri
Lanka has issued new 50 and 1 00
Ruppe notes, with the portrait of
Bandaranaike, printed in 1973. These
will be circulating along with the pre-
vious issue notes.
WHOLE NO. 50
Paper Money
PACE 69
by M. Tiitus
TAIWAN has placed new 50 and 100
Dollar notes into circulation.
UGANDA: 10, 20, 50 and 100 Shillings,
multicolored, with General Anim on all
fronts, and various scenes on the backs.
Notes increase in size as they do in
denomination.
URUGUAY has issued a modernistic
new 1 0,000 Pesos, with portrait of
Artigas.
VENEZUELA has issued a new 100
Bolivares note, featuring Simon Bolivar.
Literature
PAPER MONEY CATALOGUE OF THE
AMERICAS, by Albert Pick
Printed in Munich, Germany, late
1973; in English, with valuations in
dollars; hardbound, 335 pages; 52
listings, including island countries.
Covers North, Central, and South
Americas. Retail price $25.00. Avail-
able from various dealers; also from
this columnist (please see ad else-
where in this issue I .
STANDARD CATALOGUE OF CANA-
DIAN COINS, TOKENS, AND PAPER
MONEY, 1974 edition (22nd), by
James E. Charlton
Printed in Toronto, Canada, 1 84 pages.
The paper money section features
notable changes and additions. Retail
price $2.95. Available at local hobby
stores or directly from Charlton Inter-
national Publishing, Inc., 299 Queen
Street West, Toronto, Ontario M5V
1X9 CANADA.
GUIDE TO THE CURRENCY OF IRE-
LAND LEGAL TENDER NOTES 1928-
1972, by Derek Young
Printed in Dublin, Ireland, in 1972;
in English, with valuations, watermarks
manufacturing details, signatures, and
starting and ending serial numbers for
the various series. Price $3.75.
Available from Stagecast Publications,
1 5 Eaton Square, Monkstown, Dublin,
IRELAND.
KOREAN MONEY DIACRAM, a reprint
by a company
Originally published by the Korean
Government Printing Agency (Mint
Bureau, Ministry of Finance), on 17
Dec. 1 970, the book is being reprinted
in Korean only, but an English ex-
planation will be added. The reprint
with be revised and enlarged, and the
paper money chapter will be in color.
A pricelist of coins and notes will
appear as an appendix. Available for
$25.00 from Gold Coin Co., IPO Box
2659, Seoul, KOREA.
NORCES MYNTER OG PENCESEDLER
ETTER 1874, by Bjorn R. Ronning
“Norvegian Coins and Paper Money
since 1874,” printed in Oslo, Norway,
1972. In addition to a brief monetary
history of Norway, and a thorough
coverage of coins, the paper money
section begins with the issues of the
Norwegian Bank of 1877, and includes
emergency issues of cities following
the German invasion of 9th April
1 940, and private credit coupons by
firms and banks. Details include size,
paper and colors, inclusive issue dates,
and illustrations of both fronts and
backs of notes. Available for $10.70
from Universitetsforlaget, Blindern,
Oslo 3, NORWAY.
KATALOC NOVCA SRBIJE I CRNE
GORE 1868-1918, by Vojislav
Mihailovic and Dragoslav Clogonjac
"Coins and Paper Money of Serbia and
Montenegro, 1868-1918,” printed in
Belgrade, Yugoslavia, 1973. Soft
cover, 72 pages. Available for $8.50
from Regency Stamp & Coin, 228
Notre Dame, Winnipeg, Manitoba R3B
1N7 CANADA.
CERMAN NOTCELD CATALOGS, pub-
lished by Erich Proh, Berlin
I started to list two of the latest offer-
ings in German Notgeld Catalogs, each
for a given city, but inasmuch as
the info in front of me gives such
contradictory tidbits as “The volume
completes a seven book set . . .”, and
another is supposed to be “Numbered
29 in a series of volumes . . .”, the
heck with it! Anyone reading this
who is interested in enhancing his/her
library with reference material in this
area of paper monies should contact
the distributor in USA, who mercifully,
would have a decent listing, unencum-
bered by contradictions: Mrs. Beate
Rauch, Box 60321, Terminal Annex,
Los Angeles, California 90060.
People
A GOOD FRIEND JOINS THE GREAT
COLLECTORS CLUB IN THE SKY
Alfred James Swails, the dean of
Military Payment Certicats collectors,
died on 20th Nov. 1973, in Tucson,
Arizona, at the age of 74. Born in
Harrisburg, Pa., on 11th Aug. 1899,
Mr. Swails was a veteran of both world
wars, retired with permanent disability
in 1951.
Mr. Swails gave MPCs collecting its
primary impetus when in 1961 he pub-
lished “Military Currency, W. W. II.”
Limited to 1 000 copies, the author
described it as having been "written
primarily for my friends.” This colum-
nist is proud of his personally auto-
graphed copy, numbered 715. Mr.
Swails’ accomplishments in collecting
and research, as well as his help
rendered to other collectors and re-
searchers, are just too numerous for
listing here.
NEWSPEAK, A LA “COIN WORLD” ..
Being a long-time follower of “Playboy
After Hours” column, which features
humorous typos in other publications,
I have consistently, but not too ardu-
ously, kept a lookout for similarly fun-
ny typos in the numismatic press, albeit
with little success. Not that typo-
graphical errors are lacking in numis-
matic publications — quite the contrary
is true — but maybe it is just that
while collecting is just as much “fun”
as sex, maybe jokes about it just
aren’t “funny”? Anyway, I really
“broke-up” when I saw, in the 9th
Jan. 1974 issue of “Coin World,” the
title of a caption under pictures of
Series 461 MPCs which read: “Began
MPC Series In 1846.” Now that I’ve
typed it up for publication, it doesn't
break me up anymore. In fact, I no
longer see any humor in it at all.
Well, maybe collecting isn’t funny?
But, I’ll tell you firs: Some collectors
and some dealers sure are funny!
(End of TIITUS report)
The Pacific island kingdom of
Tonga, known in recent years for its
free-form, self-adhesive postage
stamps, issued a set on March 30, 1973
to commemorate the establishment of
the Bank of Tonga. The 10 denomi-
nations come in two basic designs. One
consists of seven Tongan coins sur-
rounding the bank building, while the
other has a montage of six notes
around the building, all in full color.
Special emphasis on anti-counter-
feiting measures was the highlight of
the first Pacific Rim Bank Note
Printers’ conference held in Australia
in October and November 1973, and
attended by the Bureau of Engraving
and Printing’s James A. Conlon. The
gathering, a counterpart of the Euro-
pean Bank Note Printers’ conference,
was also attended by officials from
Canada, Mexico, Japan, Thailand and
Indonesia.
News that the Chase Manhattan
Bank’s Money Museum in New York
will be closed has been received by
numismatists with apprehension de-
spite the bank’s assurances that the
collections will be preserved and trav-
eling, consumer-oriented exhibits will
be expanded and emphasized. The
original museum was created by
Farran Zerbe in 1929. Since that
time it has numbered among its cur-
ators SPMC Secretary Vernon Brown.
The present curator is Gene Hessler,
SPMC 3157, who will remain in
charge of the collections.
The oldest and largest foreign ex-
change house in America, Perera Com-
pany, Inc. of New York is now
issuing “Travelchecks” in denomina-
tions of U. S. $20 and $50. The $20
is printed in black with bluish gray
background; the $50 is dark blue with
light blue background. They are
printed from steel engravings on
special safety paper.
PACE 70
WHOLE NO. 50
Paper Money
\ Forg»i(<‘ii ('liupfrr:
The (Tufted States Postal Xote
By NICHOLAS BRUYER
SPMC No. 3448
(Continued from Paper Money No. 49, Page 29)
THE FIFTH ISSUE: A NEW MONEY ORDER
EW contracts for the engraving and supplying of
books, forms and notes went into effect on Sept.
3, 1891. The Dunlap & Clarke Company of Phila-
delphia was successful in the bid for this work, and
began officially issuing postal notes with their imprint
on this date. The obverse and reverse of an unsevered
pair of specimen notes are shown in Plates 29 and 30.
The design and engraving of these notes are identical
to that of American’s notes, except that the American
Bank Note Company imprint has been removed from both
sides of the note, and that of “DUNLAP & CLARKE,
PHILADELPHIA, PA.” filled into American’s old im-
print on the obverse.
The possibility has been raised by several individuals
that, upon completion of their contract with the govern-
ment, American turned their postal note plates over to
Dunlap & Clark. Once in their hands, the Dunlap & Clarke
people transferred their name onto the plates after
erasing that of American. Nowhere on the note does
Dunlap & Clarke claim credit for the engraving. Thus,
some Dunlap & Clarke notes may be exact duplicates
of certain American notes, excepting, of course, the change
in company name, serial number, etc.
Plates 31 and 32 illustrate the obverse and reverse of
the Dunlap & Clarke note as issued.
Costs and Security
Some information culled from volumes of the Annual
Report of the Postmaster General for the years 1889
to 1894 reveals that the average cost to the POD for
books of engraved postal notes was about $17,500 per
year. It also seems that the Post Office purchased the
postal note punches used by the local postmasters to
designate the amount of the note and to cancel it. From
1890 to 1894, the POD spent $10,245 on postal note
punches alone, and of this $4,971 was spent in 1893 for
the punches! I believe that these were bought for post-
masters only during these last few years, as there
is no accounting of them before 1890, and the cost for
punches in that year was only $914.00.
The primary problem still aggravating officials of the
Post Office was that of the security of the postal note.
Myron H. Ross, in an article on the postal note, com-
ments that for several years the Money Order Division
noted that losses in postal notes due to fraud and other
illegal activities were on the increase. A POD publication
resulting from an extensive study of the money order
system in 1915 remarked that during the issue of postal
notes “it was found that because the postal notes were
payable to bearer, mail depredations had materially
increased, and it was estimated that thousands of
pieces of mail which contained no (money) at all
were destroyed in efforts by thieves to obtain postal
notes.” In his report of 1892, the Postmaster General
made suggestions for improving the note:
It is evident that the postal note mi«:ht be rendered less insecure
for remittances by inserting therein the name of the person for whom
it is intended as payee ; and the files of correspondence in this De-
partment contain abundant evidence that the objection to its use on
the part of many would be largely overcome if the purchaser were
accorded the privilege or option of entering therein himself the name
of the intended beneficiary or payee.
Dissatisfaction with Postal Notes
The Postmaster General then recommended that 1) a
new postal note be issued allowing space for the name
of the payee, if the purchaser should so desire, and 2)
that the person designated payee on the note may, by
his written endorsement thereon, direct payment of the
same to any other person. In other words, the Post Office
wished to give the purchaser the option of making the
note payable to bearer or to any specific person. Un-
fortunately, the Postmaster General’s recommendations
never materialized, and criticism grew more pronounced.
The First Assistant to the Postmaster General, giving
his opinion of the postal note and the money order; said:
It seems to me unnecessary and confusing to have two systems so
nearly alike, for the transmission of money by the Post Office De-
partment : and if the reduced fee for postal notes should be applied
to money orders, on amounts up to $2.50, the average postal note
now being for only about $1.65, why would it not be for the greater
efficiency of the service, and a saving of time to postmasters, ... to
withdraw the postal note and provide better facilities, if need be, to
a prompter return and scrutiny of postmasters' money order accounts.
The defects of his argument are obvious, but his rea-
soning seems to be exemplary of the thoughts coursing
through the minds of postal officials at this time. The
postal note was created and served to save time and
increase efficiency for the postmasters; this it did.
Reverting to the old form would increase the burden of
the post offices, not relax it. However, the POD had in
mind a new money order, borrowing for it some of the
postal note’s better points.
Problems with Money Orders
Actually, many of the charges leveled at the postal
note, such as the one above, occurred under the heavy
problems developing with the U. S. money order. The
average value of the postal note declined steadily over
the years, shrinking from an average of $2.01 in 1884 to
$1.60 in 1894, a decrease of about four cents per year.
This decline in value roughly mirrored that of the money
order, but the decline in the money order was much more
critical than that of the postal note. Three cents was
charged for issuing a postal note, regardless of the
amount for which it was issued, while in the money order
business the fee charged was directly proportional to
the value of the money order. A decrease in the average
value of the money order thus caused a decrease in the
revenue of the POD, although the exact same amount
of time, labor and materials were involved. This steady
decline in revenue eventually resulted in deficits for the
money order division.
One can easily see why the Post Office was more than
ready to exterminate the postal note if there was any
possibilty that it would increase the revenues of the
money order service. On November 9, 1893, the POD
recommended the discontinuance of the postal note, re-
placing it with the money order at a reduced fee of
3c on amounts less than $2.50.
Congress passed an act of January 27, 1894 ordering
that no more postal notes be produced, that the issuance
of postal notes cease on July 1, 1894, and that a new
WHOLE NO. 50
Paper Money
PACE 71
Plate 29.
A specimen sheet of the Fifth Issue U. S. postal note, a product of the Dunlap
& Clarke Co., Philadelphia.
“limited money order” would take its place. On July 1,
the name of the 723 postal note offices then existing: was
to be changed to “Limited Money-Order Office,” able to
issue, but not pay, money orders. The act also provides
that a postal note itself shall not be paid after one year
from the last day of the month of issue, but instead shall
be paid by a warrant drawn on the Treasurer of the
United States against a special fund created for their
payment.
Another bill was proposed, S. 751, to provide for a
“Postal Fractional Currency.” However, this bill was re-
ported back to the Senate “adversely” by the Post Office
and Post Roads Committee, and dropped.
The Last Days of the Postal Note
As mentioned earlier, nearly all of the notes illustrated
in this article were obtained as souvenir specimens by
the general public and postal employees. In June of
1894, just before cessation of the postal note issue, there
was a very busy souvenier hunter in Portland, Oregon.
He bought notes, issued to him for lc sort of wholesale,
as shown by consecutive serial numbers of notes still
extant. These numbers show that between June 5 and
June 28 he must have purchased at least 69 postal notes.
All issues of postal notes have a signature line at the
bottom of the note, to be signed by the person presenting
the note for payment. All of these Oregon souvenir notes
are meticulously signed by E. O. Norton, our prolific col-
lector. Doubtless this E. O. Norton has provided modern
collectors with the largest existing cache of postal notes
and earned some notoriety for his (her?) signature in the
process.
As with the first day of issue of the postal note, the
last day was some cause for souvenir collecting also.
Plate 33 illustrates a page of notes dated June 30, 1894,
both for lc, yet with all dollar coupons left attached,
signed by the postmaster and his assistant. On that day,
in accordance with the law, blank postal notes remaining
unused were recalled, examined and destroyed. Earlier
legislation made postal notes older than three months
from the last day of the month of issue invalid and
replaceable by application for a duplicate. Compared
with the number of postal notes issued, very few were
replaced by duplicates.
Quantities Issued and Extant
Table C lists numbers of invalid notes replaced by
duplicates for the years of issue, 1884 to 1895. Notice
that in 1895, 5,277 postal notes were replaced by dupli-
cates; it is possible that these were replaced by duplicate
postal notes, and thus there is the possibility that there
still exists a postal note dated later than June 30, 1894.
Table D is a complete listing of the total numbers of
U.S. postal notes, 1883 to 1894, issued, paid and out-
standing, and the amounts for which they were issued
and paid.
During the years of fractional and postal currency
issue, 1862-1876, a total of 1,804,000,000 notes were issued,
worth some $367 million. It has been estimated that of
the $14.7 million worth of fractional currency left out-
standing after redemption, only about $500,000, or 3.4%
are still in existence today, roughly equivalent to 2,460,000
individual notes (page 35, Limpert, United States Postage
Currency — August 1862 to May 1863 — and Fractional
Currency — October 1863 to February 1876).
During the years of postal note issue, 1883 to 1894, a
total of 70,824,173 notes was issued, worth some $126.5
PACE 72
Paper Money
WHOLE NO. 50
Plate 30. Reverse of the Dunlap & Clarke Fourth Issue specimen sheet. Note engraving
of the dollar coupons at right. American Bank Note Co. designation removed from bottom
of note.
TABLE C: NUMBERS OF INVALID NOTES REPLACED BY
DUPLICATES. (1881-95)
Year
Number of
Notes Replaced
1884
1,175
1885
3,963
1886
4,214*
1887
4,515
1888
6,436
1889
8,083
1890
7,404
1891
8,466
1892
8,438
1893
9,316
1894
9,604
1895
5,277**
Total :
76,891*
* Estimated.
Postal Notes more than 12 months old.
** During this year 1,815 Treasury warrants were also issued for
TABLE D: NUMBERS AND AMOUNTS OF POSTAL NOTES
ISSUED AND PAID. FIRST SERIES. 1883-1897:
Total
Total
Out-
Amount
Amount
Year
Issued
Paid
standing
Issued
Paid
1884
3.689,237
3,398,416
290,821
s
7,411,992
s
7,254,126
1885
5,058,287
5,012.097
46,190
s
9,996,274
$
9,948,024
1886
5,999,428
5.952.200
47,228
$
11,718,010
s
11,666.931
1887
6,307,552
6,286,000
21,552
$
11,768,825
$
11,726,767
1888
6,668,006
6,631,990
36,016
s
12,134,459
s
12,104,881
1889
6,802,720
6,787.454
15,266
s
12,082,191
s
12.078,078
1890
6,927,825
6,865,911
61,914
$
12,160,499
s
12,128,574
1891
6,802,558
6.780,117
22,441
s
11.753,849
t
11,714,481
1892
7,050,040
7,011,490
38,550
s
11.895,766
$
11,871,393
1893
7,753,210
7,741.423
11,787
$
12,903,077
s
12,914,674
1894
7,765,310
7.762.654
2,656
$
12,649,095
$
12,644,845
1895
116,544
s
187,142
1896
1,221
s
1,589
1897
759
s
1,035
Totals :
70,824,173
70,348,276
475.897
$126,474,027
$126,242,489
6/30/97
million: Only 4% as many postal notes as postage and
fractional notes were issued. It is known that a maximum
of 475,897 postal notes were left outstanding as of June,
1897. This means that there were only 16% as many
postal notes outstanding in 1897 as there are postage and
fractional notes today. Yet, the number of postage and
fractional notes still around takes into account a theoret-
ical loss of them over the years through fire, theft, loss,
etc., while the number of postal notes listed as outstand-
ing does not take this factor into consideration. Clearly,
the postal note as a species is far more scarce than the
postage and fractional issues.
Collectors have realized the scarcity of the U. S. Postal
note for many years. In a recent article on the postal
note appearing in Postal Stationery, a publication of the
United Postal Stationery Society, the author, E. Norman
Lurch, recounts that it has taken him “about fifteen years
to locate and obtain a copy of each of the four types.”
(At the time he wrote this article he was unaware of
the existence of the Third Issue postal note.)
Frederick A. Brofos, in an article on the notes appear-
ing in 1954, suggests one reason for their rarity: “Money
Orders and Postal Notes ... in order to serve their pur-
pose had to be cashed in — and so passed from the public
back to the Post Office from whence they came and where
they usually met a fiery end. The majority having thus
been incinerated it is not surprising that the early issues
seem out of reach.” Mr. Brofos had heard of the postal
notes, but had never seen one until he chanced to come
across a few specimens in a currency display at the
Chase Manhattan Bank in New York, which, incidentally,
still retains these few postal notes in its museum col-
lection.
Table E is a list of the 1883-1894 series of U.S. postal
notes issued in different states, compiled from infor-
WHOLE NO. 50
Paper Money
PACE 73
Plate 31. The Fifth Issue postal note, as issued. Dated last day of issue, June 30, 1894.
(Courtesy of U. S. Postal Service)
this noti:V*£/ l'vm
. BY WHOMSOEVER PRESENTED
WILLBE WORTHLESS IN THE /.
TKVV.HAH06 Cf ANY SUBSt^UF * r /&
3%rk\\M0lDER IT NOT PA C
A three months from
™ c last DAV - Qf ™ L /XV/
M 0 NTH 0 F » s S U E TH E l/^Wk
HOLDER TO OBTMTi Vittel I
fHf J-U&UNT T^LRIOE
SKm LESS AN ADDITIONAL
FEE OFTHflEE CfWTS.V^^jl
2&// MUST OELIYER IT TO
W POSTMASTER AT ANY'O^,
.MONEY 0R0ER CFfiCE V (■ ^
^g“T/ANO SIGN AN APPLICATION \U£fii
Xg&y FORA OUPl'CATL PAYABLE A/S:
%' : y TO HIM BY SUCH POSTMASTER. \5
BE ‘&SUEO BY THE
iX'pOSTOlTICK n»l*.VltT-M I. VI
Plate 32. The reverse of the Fifth Issue note, as issued.
mation in the Annual Report of the Postmaster for the
years 1884-1895. The first two columns are for compar- ONE FAILURE: TRY AGAIN
ative purposes, to illustrate the growth in postal note
issuance between 1884 and 1894, while the third column "H^URSUANT to the act of Congress, the postal note
gives the total number of postal notes issued for all Ip was retired on June 30, 1894, the names of the
years. The most common states of postal note issuance postal note offices were changed to limited money
are New York, Illinois, Iowa, Ohio and Pennsylvania, order offices, and a newly redesigned money order was
while the rarest include Alaska, Oklahoma, Indian Terri- placed on sale on July 1.
tory, Nevada, Delaware and Wyoming. Stars at the left , _ , ,
of certain states indicate that the author has seen or , A description of the new money orders was offered by
heard of notes still existing from them, while he does the Postmaster General: “The (new) money orders are
not know of any notes still surviving from the unstarred now lithographed upon bond paper of a superior quality,
states. Information on this is still being compiled. and have an underlying tint, adding much to the appear-
ance of the order and affording a safeguard against
This table readily shows that the circulation of postal attempts at alterations and erasures.” Plate 34 shows an
notes from one state to the next differed radically. The example of the obverse of one of the new money orders,
larger, more heavily populated states such as New York along with its advice (compare with Plate 1). The new
issued as many as 5.5 million notes over the years, while order has a bit of artistic flair in it, although it is still
smaller states like Vermont issued only one-tenth this. large and requires some time of fill out and issue. At
Perhaps more research will uncover the names of the left are the dollar and cent coupons, which I theorize
individual money order and postal note offices that issued read from top to bottom when not cut off : 10 DOLLARS/
notes in these states, and numbers of notes they issued, 20 DOLLARS/etc ... 1 DOLLAR/2 DOLLARS/etc . . .
much like the Federally-chartered National Banks that 10 CENTS/20 CENTS/etc ... 1 CENT/2 CENTS/etc . . .
were allowed to circulate National Currency bearing their Unlike the old form, the new order did list the name of
imprints. the person to be paid on it.
PACE 74
Paper Money
WHOLE NO. 50
TABLE E: POSTAL NOTES ISSUED. BY STATE:
1883-1894 1883-1894
State
1884
1894
Total-est.
State
1884
1894
Total-est.
Alabama
36,690
72,480
722,700
-{-Nebraska
97,285
260,004
2,191,450
Alaska
—
1,153
3,050
Nevada
9,152
11,724
127,900
Arizona
5,602
20,068
151,950
-fNew Hampshire
40,117
67,602
667,900
-f Arkansas
40,420
77,508
740.750
-{-New Jersey
40,020
106,376
822.000
California
96,130
318,452
2,222.950
New Mexico
8,673
23.063
204,850
Colorado
41,502
125,542
1,071,000
-fNew York
307,320
633,723
5,525,250
-{-Connecticut
52.548
116,448
1,013,750
No. Carolina
53,553
87,599
876,750
North Dakota
••
53,354
216.900
Dakota
37,827
*
556,500
Delaware
7,044
14,282
137,850
-f Ohio
278,999
482,037
4,682,250
D. C.
14,905
30,271
279,800
Oklahoma
—
24,240
64,750
-{-Florida
23,796
79,914
621,450
-{•Oregon
24,069
86,722
625,000
Georgia
55,006
137,376
1,172,900
-{-Pennsylvania
272,407
524,929
4,638,850
Idaho
5,030
25.660
182,900
Rhode Island
14,333
28,026
247,800
-{-Illinois
295,755
545,501
5,242,400
So. Carolina
30,504
56,305
547.450
Indiana
150,226
292,179
2,759,950
South Dakota
—
92,597
422,984
Indian Terr.
3.008
25,476
109,500
-f Tennessee
44,310
74,723
751,150
Iowa
279,461
492,498
5,034,950
Texas
109,589
282,238
2.533,200
Kansas
186,604
352.603
3,777,750
Utah
7,407
26,192
203.950
Kentucky
38.014
88,457
749,750
Vermont
43,045
53,726
552,250
Louisiana
22,538
54,831
416,450
-f Virginia
50,614
92,348
859,350
Maine
49,273
93,334
824,950
Washington ***
14,043
98,529
616,150
Maryland
35,180
71,179
657,550
West Virginia
24,710
58,554
467,800
-{- Massachusetts
119.059
275,096
2,442,300
-f Wisconsin
130,040
218,891
2,249.550
Michigan
194,111
354,032
3,414,200
Wyoming
5,582
18,087
144.850
Minnesota
90,471
196,414
1,785,050
• See No. Dakota.
•• See Dakota
Mississippi
42,427
76,072
646,950
-f Missouri
142,703
315,510
3,002,350
•** 14,043 notes issued as Washington Territory
Montana
15,135
51,385
399,600
Plate 33. A page of Fifth Issue notes with all dollar coupons attached, countersigned by
the assistant postmaster, dated last day of issue.
WHOLE NO. 50
Paper Money
PACE 75
ILLAR
LLARS
LLAR
ENT!
ENT!
ENT!
ENT!
ENT!
TMC HAvrc WMO Dlti '«3 tin::
0 *Ot** TfJ OE ^*113 TO AN 0 THCB
PCRHON M^Sif rii_t l« AND
this ru«M or * MANSF f fi
s||| PORTLAND, Oregto. ' . i .>» . 48976. |
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'jtjif'p.i Plying Office .j
Ifjr amount of tfjis order
PORTLAND, Oregon.
X? 43976
. ST 4 v I
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KWh (’
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'Hollars Oj. u Cents
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Plate 34. The new limited money order, with dollar and cent coupons at left, advice at bottom.
Issued from 1895 to 1898. (Photo: Atsuhiko Tsunoda)
These “new improved” money orders, now carrying the
full money order business without the aid of the postal
note, did not last long. Their size and shape caused
public complaint, there were imperfections in the format
that made fraud a common occurrence, and the entire
money order system was almost suspended for a time
because of claims that the money order form infringed
on a patent. In short, the form was disliked by the
public and, in certain cases, facilitated rather than pre-
vented fraud.
Thus on Sept. 4, 1899, another new money order form
was issued, of a simple, small and clear design (Plate
35). It was much smaller and less costly than the old
form and had a space on its reverse for the stamps of
banks (from which I guess we can conclude that these
new money orders were “bankable”). An entirely new
addition was the use of a receipt to be issued the pur-
chaser. “In color the order is blue, having a light blue
ground, with fine, closely interlaced, tinted lines of
geometrical lathe-work, of darker shade ... as an addi-
tional safeguard against counterfeiting, a horizontal
water-mark, composed of the initials U.S.M.O. in broad,
capital letters, has been wrought into the paper on
which the new forms are printed.” The POD had finally
designed a practical money order.
It had announced on June 13, 1898 the opening of
money order offices coincident with the establishment of
military postal stations at Cuba, Camp Alger, the
Philippine Islands and Chickamauga Park. On July 21,
1898, like service was extended to Porto Rico. These
“foreign” offices issued a form similar to that of the
new money order, except that they were printed in yellow,
had a different design of security printing, and different
watermark. An example can be seen in Plate 36.
On December 31, 1900, all limited money order offices
were discontinued as such and reopened as full money
order offices.
For the years 1898-1902, amounts and numbers of
invalid postal notes redeemed by the government were
lumped together with numbers of .money orders received,
so that no statistics are available. However, amounts of
invalid notes redeemed for the years 1903-1912 are listed
in the Postmaster General’s Annual Report. During this
period .$840.00 worth of notes were received and warrants
on the Treasury issued in their place. If we divide this
amount by the average value for which a postal note
was issued in 1894, $1.60, we can estimate that approxi-
mately 525 invalid notes were redeemed during 1903-12,
a span of ten years.
(A recapitulation of the first five issues of the first
series Postal Notes follows on page 76 together with
plates 35 and 36)
PAGE 76
Paper Money
WHOLE NO. 50
Plate 35. The money order issued from 1898. no advice or coupons, could be cashed at any money order office or bank.
PHILIPPINE POSTAL MONEY ORDER.
) THE Om)ER OF . /
Jr t/ ic
MANILA, P. I
semtwi?
OOUAM *WT1 «U*N.
Of ^
. DOLLARS,
KM «*T| UN ROUMM.
(&6ZZtZ2^,^
TH« ANOWHT 00 TMl* 0*0» It KMIkUO IM UWT10 ITATU [1
CuftMMCr ANO DU M MJO IN THAT NONCY o« TH« COOrVAlINT V RECEIVED PAYMENT.
IN RNUPRME CWUMMCT.
TX* NAAiNWN AHOOITT KM WMKH ANY POSTAL CtfKXH CAN LAW '
n»LLY M I MOO IS 0*t HU«g«n OOLLANS, 0. S. CUNRSNCY.
•ON NANS OPPOSITt WMtN PA VMS NT IS MAOS.
IW I
No. 88789-
. THIS OMOn«VST COMM BKMO M NUTTW-
1 90 IASS TO rrs acros op sans nvmmji ano
BAT*.
nawws. on N*rr un is boo r 00 osou.
CENTS. "** <AT ™« *“OWST. thins usna a *o»o
ON WORM TO IXPOII MUNSCN OS POLLANS.
Plate 36. The money order of the type issued by military money order offices in foreign countries. Printed in yellow, this one
is from the Philippines.
THE FIRST SERIES POSTAL NOTE. 1883-1894
First Issue: The Homer Lee Bank Note Company (see Plates 8 and
9). Probably issued from Sept. 3, 1883 to June 3, 1884. OBV. left:
Columns for punching: out the month and year of issue, two circles
for applying the dated stamp of the issuing and paying offices and a
vignette of Liberty with “FEE THREE CENTS.” The body of the
note has a red serial number, name of issuing office in blue, space
to designate paying office, amount of order, and signatures of issuing
postmaster and payee. Right: Columns for punching out dollars,
dimes and cents. All engraving brown, text printed in black. REV. :
Interwoven “US” between two large circles. "IF THIS POSTAL
NOTE BE NOT PAID . . .“ at top, "AFTER ONCE HAVING PAID
. . at bottom. Printed in blue. Paper is yellowish.
Second Issue: Homer Lee Bank Note Co. (see Plates 17 and 18).
Probably issued from June 3, 1884 to Jan. 3, 1887. OBV. (left to
right) : Detachable coupons for “FOUR DOLLARS,” “THREE
DOLLARS.” etc. printed vertically. Serial number in red and place
of issue in blue ; spaces for date of issue, name of paying office, amount
of note, signatures of issuing postmaster and payee. Vignette of
Liberty with cancellation star at bottom, columns for punching in
amount in dimes and cents. Text and engraving black. REV. : In-
structions “THIS NOTE ONCE PAID, BY WHOMSOEVER . . .
MUST DELIVER IT TO THE POSTMASTER AT THE PAYING OR
AT THE ISSUING OFFICE . . between two large circles for post-
marks of the paying and issuing offices. Printed in blue. Paper
is greyish white.
Third Issue: Homer Lee Bank Note Co. (see Plates 23 and 24).
Probably a stopgap patchwork note, issued sometime between Jan.
3, 1887 and Sept. 3, 1887. Apparently exactly the same as the Second
Issue note except: OBV.: bottom, instructions modified from "This
Note is also . . .” (as in Second Issue) to "If lost or destroyed no
duplicate can. . . .” REV. : Instructions modified to “THIS NOTE
ONCE PAID. BY WHOMSOEVER . . . MUST DELIVER IT TO THE
POSTMASTER AT ANY MONEY ORDER OFFICE. ..."
Fourth Issue: American Bank Note Co. (see Plates 26 and 27).
Officially issued from Sept. 3, 1887 to Sept. 3, 1891. Design is basic-
ally similar to the Third Issue note, except that engraving is all new.
Also OBV.: “THE POSTMASTER AT ANY MONEY ORDER OF-
FICE” is artistically engraved into the center of the note. REV. :
Between two large circles a shield with instructions thereon ; the
dollar coupons are engraved on the reverse of the note as well as
the obverse. Colors and paper all similar to Third Issue.
Fifth Issue: Dunlap & Clarke, Philadelphia (see Plates 31 and 32).
Officially issued from Sept. 3, 1891 to June 30, 1894. Apparently
identical to the Fourth Issue note, except "DUNLAP & CLARKE
PHILADELPHIA PA" substituted for the American Co. designation
on bottom obverse of note, and American Co. designation removed
from bottom reverse.
NOTE: DATES OF ISSUE LISTED ABOVE ARE OFFICIAL. NOT
NECESSARILY REFLECTING ACTUAL DATES OF ISSUE. NOTES
OF EARLIER TYPE WERE USED UNTIL THEIR SUPPLY RAN
OUT. AT WHICH TIME THEY WERE REPLACED BY THE NEWER
TYPE NOTE.
(To be concluded, with
information on the 20th
century, “second series”
postal notes)
WHOLE NO. 50
Paper Money
PACE 77
SPMC Chronicle
Chester County Currency Club Meets
Chester County Currency Club members — Standing (I. to r. ) : J. Lynch, H. Beecher, N. P.
Aspen, W. Roish, W. Burkey, D. Rhodes, M. Hrynyshen, P. Jung. Center row: W. Thomas,
P. McCombs, N. Panncbaker, R. Jones, D. Lutz. Bottom row: C. O'Donnell, Joyce Aspen.
B. Pannebaker.
At their Dec. 20, 1973 meeting, members of the Chester
County, Pa. Currency Club posed for the photographer
(as shown here) after discussing the results of their
campaign to get special Bicentennial designs for U. S.
paper money, as previously reported in Paper Money.
Spearheaded by Dr. Nelson Page Aspen, it has elicited
direct replies from James A. Conlon, director of the
Bureau of Engraving and Printing, and officials of the
Federal Reserve System. A third request was directed
to Mrs. Julie Nixon Eisenhower and her father. Also
discussed was the club’s Bicentennial exhibition project
for 1974.
THE WINNER'S CIRCLE
(Members are urged to notify the Editor of their
awards in competition. Although lists of winners
printed in the general numismatic press are scanned for
SPMC members, all too often names are overlooked
unintentionally.)
— At the Missouri Numismatic Society’s 12th annual
coin festival 1973, held in St. Louis, Maurice Burgett
received the Roger Munie Educational Award for his
collection of Montana bank notes.
Jhcudsi rbhA
(Dealer-members are invited to submit their special
price lists, dates of auction sales, etc. to the Editor for
inclusion in this column.)
Edward B. Hoffman, P. 0. Box 8023, Camp Lejuene,
NC 28540 — offers price list of U. S. military payment
certificates, Allied and Axis military currency of World
War II, and Vietnam safe conduct passes and air-dropped
propaganda leaflets.
Bob Medlar, 2145 - 50th St., Lubbock, TX 79412 — offers
his Spring 1974 list of all types of U. S. paper money
with special emphasis on National Bank Notes. Small-
size notes, fractional currency, legal tenders and silver
certificates are also included.
ANA Paper Money Slides Available
The 1974 Visual Education Library List of the Ameri-
can Numismatic Association includes eight sets of slides
produced for affiliated clubs to use as meeting programs.
(SPMC is an affiliate of ANA.) Prepared under the
guidance of ANA Governor and former SPMC President
Glenn Smedley, the sets consist of 2 x 2 slides and accom-
panying lecture notes. They are available from ANA
Visual Education Program, P. O. Box 2366, Colorado
Springs, Colorado 80901. Those based on paper money
are sets 10, 14, 15, 16, 19, 32, 38, and 39.
PACE 78
Paper Money
WHOLE NO. 50
This is being written before distribution of the January
issue is completed, so reaction to our request for a mem-
ber participation column is minimal. However, some
unsolicited comments have been received by our Secre-
tary, Vernon Brown, along with dues remittances. They
are the kind that makes all the frustration associated
with production of the magazine seem worthwhile. One
member wrote in regard to the Society, . . and the
real product is PM magazine which is a superb publi-
cation.” Another said, “It is one of America’s best
publications for the price.”
Lest we become complacent basking in these com-
pliments, we — and I am not using the editorial “we”
but mean all members — must continue to support the
magazine by paying dues promptly, advertising in it
or supporting advertisers, suggesting improvements and
writing articles.
It is to the last item I wish to address myself. Please
note that of some 80 new members listed in the Secre-
tary’s Report, more than 25% give specialties in the
world paper money field, and five of them are resident
overseas. That means we need in-depth studies in what
w'e Americans provincially call “foreign” paper money.
There are other areas of weakness also. For instance,
very few of the many, many members who collect cur-
rent small-size U. S. currency have ever written about
it. Of course, some of them, when pressed about this
situation, have replied that there is nothing to write
about except numbers. Who can disprove this state-
ment? Don’t worry about your literary prowess. Just
give me a logical array of facts and figures, and I’ll
do the rest. But the by-line will be yours.
Then, too, in this early part of 1974, we must realize
that the American Revolution Bicentennial is only two
years away. In spite of the presence of such exhaustive
works as Eric Newman’s Early Paper Money of America.
there are still areas in colonial and Continental cur-
rency which can be the subject of good articles. As
the premier organization in American paper money
collecting, we are very nearly obliged to make a contri-
bution to the Bicentennial outpouring of studies about
the period of our history up to the time of the inception
of the Constitution.
study on U. S. postal notes, is working on frontier
banking in Toppenish, Washington and related Yakima
Indian Nation affairs. Larry Sanders is working on
satirical political campaign notes. What are you work-
ing on? Please tell me; perhaps I can help, to every-
one’s benefit.
Barbara R. Mueller
Library Notes
By WENDELL WOLKA, Librarian
P. O. Box 366, Hinsdale, IL 60521
UN40 Mao, King-On. History of Paper Currency as
M8 Issued by the People’s Republic of China from
1921-1965; First Edition 1972. 295 p. Illus.
Gift of J. Roy Pennell Jr.
This excellent book covers the issues of the Chinese
Communist Party from 1921 to 1949 and the People’s
Republic from 1949 to 1965. After a brief foreword and
history of the Communist times and issues, the book
contains a detailed and very well illustrated catalog of
all known Communist issues. Seemingly no detail is left
unmentioned in the descriptions. Valuations are given
for notes in U.S. dollars in three conditions-good, fine,
and uncirculated-in the final section of the book. A very
absorbing and interesting book!
US70 Dillistin, William H. A Descriptive History of
D5d National Bank Notes 1863-1935. Gift of R. C.
Pickett (Xerox copy). 1956. 55 p.
This terrifically detailed book is a must for the true
student of National Bank Notes as well as the casual
collector who would like to know more about the interest-
ing details surrounding these issues. The book is made
up of three parts. The first covers notes of the first
charter period along with historical information. The
second contains a rather complete history of the historic
National Gold Banks and their notes, and the third con-
tains an account of notes of the second and third charter
periods as well as small-size Nationals and other impor-
tant subjects. This must be read to be appreciated! 55
pages with charts.
Dr. John A. Muscalus has again come to the rescue in
helping to fill out our library with informative and de-
lightfully done booklets on the many areas of obsolete
note collecting which have for so long been neglected. As
most titles are self-explantory, I will for brevity’s sake
delete any further commentary. All of the booklets donated
deal with various vignettes with the exception of the
school scrip monograph which gives an overview of those
issues. Again, thank you Doctor Muscalus!
US75 Muscalus, J. A. Kinds of Scrip Issued by School
M8k Districts in Financial Emergencies. 1971. 11 p.
Illus.
Of course, we have other deficiencies, too, and if your
specialty has been slighted recently, rest assured it was
not by design but of necessity. At the moment two
members are working on projects which should lead to
useful articles: Nick Bruyer, author of the pioneering
US75 Muscalus, J. A. Portraits of Elias Boudinot on
M8w Paper Money. 1969. 11 p. Illus.
US75 Muscalus, J. A. Landseer’s My Horse, Spaniel
M81 and other Paintings on Paper Money. 1967.
17 p. Illus.
WHOLE NO. 50
Paper Money
PACE 79
US75 Muscalus, J. A. Saint Catherine On Paper
M8v Money Of The State Of Florida And Others.
1968. 7 p. Ulus.
US75 Muscalus, J. A. The Beautiful View of the
M8u Rockville Bridge Across The Susquehanna
Above Harrisburg on State Bank Notes. 1967.
7 p. Illus.
US75 Muscalus, J. A. Historic Jamestown and Poca-
M8g hontas on Paper Money and Chapman Art.
1971. 11 p. Illus.
US75 Muscalus, J. A. Renault’s Painting of the Sur-
M8r render of Cornwallis at Yorktown on State
Bank Notes. 1966. 7 p. Illus.
US75 Muscalus, J. A. Lincoln Portraits on State Bank
M8j Notes, College Currency and Scrip. 1967. 11
p. Illus.
UF60 Pick, A. Osterreich Banknoten und Staatspa-
P3 piergeld ab 1759 1972. Gift of Albert Pick. 79
p. Illus.
This well-illustrated, 79-page book lists and prices
virtually all Austrian bank notes with the exception of
Notgeld issues since 1759. The text is in German and
all prices are expressed in terms of the German mark.
A worthwhile book for the foreign paper money collector.
UJ60 Shlieker, E. et al. The Un Peso of the Bank
S3 of Mexico 1935-1970. First Edition 1973. 56 p.
Illus. Gift of Author.
This book covers just about everything concerned with
the familiar and popular one peso note of the Bank of
Mexico with the famous sun stone obverse. It prices
notes in U.S. dollars in four conditions — G, F, XF, and
CU. With its wealth of information, it can not come too
highly recommended for the collector of this interesting
series.
Bebee’s fixed price list of the Celebrated James M. Wade
Collection of U.S. Paper Money. March 15, 1956.
43pp. Gift of Morey Perlmutter.
This sale catalog lists and describes the famous James
Wade collection. You should see the 1956 prices!
The Coin Collector’s Journal. January-February, 1953.
16pp. with charts. Gift of Morey Perlmutter.
Made up of article on National Bank Notes, Federal
Reserve Bank Notes and Federal Reserve Notes from
1928 to 1950 by Robert H. Lloyd.
American Auction Association Catalog of the Matt
Rothert Collection (as well as several others) 128pp.
Illus. Gift of Barbara Mueller.
This catalog describes and in most cases illustrates
many rare items from the fabled Matt Rothert collection.
Must be seen to be appreciated.
Dye’s Counterfeit Detector. July, 1884 65pp. Illus. Gift
of Morey Perlmutter.
Thanks to Morey Perlmutter, SPMC has its first ORIG-
INAL Counterfeit Detector. This very well-preserved
copy is a veritable treasure chest of contemporary in-
formation on counterfeit Federal and National Bank is-
sues. In addition, counterfeit coins and general news of
the financial world of the 1880’s are discussed. The book
even tells of the virtues of “Newbury’s Dynamite Safety
devices” in one of its many ads. We will be reprinting
some pages in PAPER MONEY in the near future to
show you the charm of this gem, but address your letter
early to borrow this as it can and should be read by
every member. There are several nights of unequaled
entertainment here!
Regular Additions
ANA Club Bulletin. Nov. & Dec. 1973
The Numismatist, October, Nov. & Dec. 1973
Canadian Paper Money Journal. Oct. 1973
Essay-Proof Journal. Fall, 1973
Paper Money Vol. 12, nos. 3 & 4
Bank Note Reporter. Sept. & Oct. 1973
DUES FOR 1974
THIRD NOTICE
Because of mail delays in the delivery of the January
issue, the deadline for paying 1974 dues has been ex-
tended to April 30th. Beyond that date no more issues
of Paper Money can be sent.
KEEP YOUR MEMBERSHIP ACTIVE. Pull out
from the pile of unpaid bills, or from the desk drawer,
the dues notice received in November or December and
mail it immediately, together with check for $8.00, to:
M. O. Warns, Treasurer, P. O. Box 1840, Milwaukee,
Wis. 53201.
“Crystal Bair' Predictions for
Paper .Money Collecting
I N the annual Crystal Ball predictions published in the
January, 1974 issue of Numismatic Scrapbook maza-
zine, several paper money professionals commented on
the near future of this area of the hobby. Ken Bressett
of Whitman Publishing revealed that his firm is preparing
a revised edition of Eric Newman’s Early Paper Money
of America and predicted increased popularity for colonial
and Continental currency. Yasha Beresiner of the Latin
American Notaphilic Society also pointed to the coming
emphasis on this type of paper money sparked by the
upcoming Bicentennial. He also predicted greater interest
in notes of the Mideast fueled by the energy crisis.
Chuck O’Donnell, said, “Paper money is at the thresh-
hold of an explosion.” He also declared that the U. S.
government should offer paper money numismatic service
just as it does with coins. Bill Donlon repeated his
standing prediction that present-day values of choice U. S.
paper money will rise sharply in the next few years
barring some upset in the general economy. Curtis
Iverson commented on the growing popularity of National
Bank Notes.
Bob Medlar mentioned colonial currency as ripe for a
boom, as well as obsoletes, but regretted that the latter
field is marred by a flood of unsigned and reproduced
notes. He also recalled his previous prediction that if
the number of collectors increased by 10%, the available
supply of paper money would dry up, and that is just
what has happened to the supply of Nationals. Collectors
are beginning to look to uncirculated type notes and
small size notes.
Finally, Neil Shafer, also of Whitman, announced that
early in 1974 his firm will release his book on Philippine
emergency notes. He stated that all areas of paper money
collecting are enjoying unprecedented popularity, due
perhaps to the high prices of coins driving collectors to
paper. “Within the field, the most influential factor is the
appearance of a profusion of catalogs and price lists,”
Shafer wrote. “One could say that in general, paper
money is about 10 years behind coins in its evolvement
of sophisticated and accurate collector aids.” He advised
the reader to get into the field now.
PACE 80
Paper Money
WHOLE NO. 50
SECRETARY’S REPORT
New Member Roster
VERNON L. BROWN, Secretary
P. O. Box 8984 Fort Lauderdale, FL 33310
Dealer or
No. New Members Collector Specialty
3941 Carlton L. Squires, R.D. #1, Cambridge, N.Y.
12816
3942 Robert W. Johnson, 603 Bjornson Dr., #4, Cavalier,
N. Dak. 58220
3943 Joe C. Elliott, P. O. Box 10144, Kansas City, Mo.
64111
3944 Stephen Schrosder, Rt. 1, Box 171, Glyndon, Minn.
56547
3945 John A. B. Cormack, 1 Hillfield Drive, Boothstown,
Worsley, Lancs., England M28 4WB
3946 Steven G. Mohrbacher, 3616 W. Janies St.,
McHenry, 111. 60050
3947 Willis Brei, 621 Young Lane, Freeport, 111. 61032
3948 Gary E. Monkman, 1005 Baldwin Ave., Waukegan,
111. 60085
3949 George A. Hendrick, 16 O’Neil St., Joliet, 111. 60436
3950 Charles W. Fulker, P. O. Box 10, Bath, S. Dak.
57427
3951 Robert McCabe, 5720 N.W. 15th St., Fort Lauder-
dale, Fla. 33313
3952 Herbert J. Kwart, 51 Kings Lacey Way, Fairport,
N.Y. 14450
3953 Richard B. Barhart, 4455 W. 62nd St., Brooklyn,
Ohio 44144
3954 Herbert H. Espy, P. O. Box 7266, Wilmington, Del.
19803 >
3955 Capt. Everett W. Krantz, SPCC Code 784 MC,
Mechanicsburg, Pa. 17055
3956 David F. Blaisdell, 1241 Anders Ave., La Puente,
CA 91745
3957 Lindsay M. McLennan, 94 Spadina Ave., Hamilton,
Ont. L8M 243, Canada
3958 Arnold H. Selengut, 611 Barbara Rd., Landing, N.J.
07850
3959 K. Edward Jacobi, 7 Lippincott Road, Little Silver,
N.J. 07739
3960 P. B. MacIntyre, 78 W. Indian Lane, Norristown,
Pa. 19401
3961 Richard Piermattei, Moserstrasse 32, 3014 Berne,
Switzerland
3962 Richard Dreger, Route 1, Creston, Wash 99117
3963 Richard J. Berweiler, 37892 Sea Way Drive, Mt.
Clemens, Mich. 48043
3964 Stanley Yulish, 600 Rockefeller Bldg., 614 W.
Superior Ave., Cleveland, Ohio 44113
3965 Evangelene Miller, 30 So. Prospect St., Norwalk,
Ohio 44857
3966 Wallace P. Brown, 5661 Newport Road, Camillus,
N.Y. 13031
3967 CPT. Joseph E. Boling, 10723 Densmore Ave., N.,
Seattle, Wash. 98133
3968 Mike McLoughlin, 5120 Saddlewood, Sacramento,
CA 95841
3969 Robert S. Cohen, P. O. Box 403, Bladensburg, Md.
20710
3970 Sim Smith, RFD #1, Box 200, Pottsboro, Texas
75076
3971 Phillipsburg Public Library, 200 Frost Ave., Phil-
lipsburg, N.J. 08865
3972 W. H. Monroe, 5504 Eisenhower, Great Bend,
Kansas 67530
3973 Robert E. Lee, 376 - 11th Street, Fortuna, CA 95540
3974 Joseph Mulevich, 108-12 Jamaica Ave., New York,
N.Y. 11418
3975 Paul C. Keeton, P. O. Box E, Lewiston, Idaho 83501
3976 Tim Fleming, 627 W. Lockwood Ave., Webster
Groves, Mo. 63119
3977 Howard F. Schulz, 1716 - 21st St., Monroe, Wis.
53566
C Obsolete and U. S. large and small-size
notes
C World paper money
C, D Maryland National Currency
C U. S. fractional currency
C U. S. small-size notes $1 - $100
C General
C National Currency
C Small-size nationals and currency errors
C, D National Currency of So. Dakota
C Foreign — “Black Africa” and Latin Amer-
ica
C Australia, New Zealand, Israel, Palestine,
Turkey
C, D Malaya, Straits Settlements
C Paper money having counterpart coins;
Japan
C Japan, China occupation, Korea
C All kinds
C Scottish and British Commonwealth and
Colonies
C Austrian & German Notgeld; general world
C National Currency
C National Bank Notes, Series 1929
C Obsolete bank notes — U. S. and Switzerland
C National Currency of Washington, large-
size U. S. Notes
C U. S. and world
C Israel and Palestine
C
C British Commonwealth
C Far East, Mideast, N. Africa
C
D U. S. large-size notes
C
c
c
C U. S. small-size notes
C
C Idaho bank notes
C $1.00 S.C. by block, large notes, $5.00
F.R.N.
C F.R.N.’s with 230 endings
WHOLE NO. 50
Paper Money
PACE 81
3978
James F. Nestor, 520 Commonwealth Ave., Boston,
Mass. 02215
C
3979
Milton O. Newell, 1027 No. Meade Ave., Colorado
Springs, CO 80909
C
Confederate, colonial and U. S.
3980
Charles Kemp, 426 Riverbank, Wyandotte, Mich.
48192
c
U. S. & Canadian large-size notes and
obsolete notes
3981
Michael Kovac, 48 Chestnut St., Binghamton, N.Y.
13905
c
Brazil, Haiti, Straits Settlements, Specimen
notes, world in general
3982
Gerald Gartstein, P. O. Box 21, Queens Village,
N.Y. 11429
c
Israel, Palestine, Turkey, Egypt
3983
Charles B. Nitka, P. O. Box 9111, Colorado Springs,
CO 80909
C, D
3984
Charles N. Gish, 8908 E. 17th Street, Tulsa, Okla.
74112
C
U. S. Notes (Legal Tender) 1862-1917
3985
Freeman Craig, Jr., 465 California St., #707, San
Francisco, CA 94104
C, D
Costa Rica
3986
Wray K. McDonald, 3633 S.W. Park Ave., Des
Moines, Iowa 50321
C
Type sets U. S., large and small
3987
James S. Ford, 3845 Ver Halen Ct., Culver City,
CA 90230
C
Series of 1928
3988
James K. Gibson, 113 E. Hamtramck St., Mount
Vernon, Ohio 43050
C
Continental, colonial, obsolete
3989
Arthur Reich, P. O. Box 122, Oakland Gardens,
N.Y. 11364
C
U. S., Israel
3990
Ted Wills, Box 896, Hinton, W. Va. 25951
C
3991
Robert E. Trimper, P. O. Box 890, Stamford, Conn.
06904
C
Current and obsolete of all countries
3992
Michael L. Cummings, Box OFRM, APO San Fran-
cisco, 96343
C
NPC’s and Japanese
3993
John G. Cloutier, 218 Islip Blvd., Islip Terrace,
N.Y. 11752
C
Series 1929 N.B. Notes of New York and
New England states
3994
Charles E. Baldwin, 1300 Army Navy Dr., #930,
Arlington, Va. 22202
C
Confederate currency
3995
George M. Daru, B 756 E. Northampton St., Wilkes-
Barre, Pa. 18702
c
Baltic States, WW II Allied & Axis, French
Colonies, world
3996
Roland Sweet, P. O. Box 924, Norwood, Mass.
02062
C, D
U. S. large-size notes, colonial, South
American
3997
Elmo L. Jackson, 1515 N.W. 14th Ave., Gainesville,
Fla. 32605
C
U. S. Legal Tender Notes
3998
Clarence Clendening, 11855 Chesterton St., Nor-
walk, CA 90650
C, D
World
3999
Joseph Toltin, 14 Orchard St., Elmwood Park, N.J.
07407
C
World
4000
Sam H. Bettis, 805 Brynewood Park Lane, Chat-
tanooga, Tenn. 37415
C
Tennessee National Currency, Series 1929
4001
Robert J. Waszilycsak, 6101 Biltmore Ave., Balti-
more, Md. 21215
C
U. S. large-size notes; German, except
Notgeld
4002
John A. Munson, 65 Birch Road, Malverne, N.Y.
11565
C, D
Obsolete bank notes, colonial
4003
John H. Mills, P. O. Box 369, Sanford, Fla. 32771
C
Queen Elizabeth II notes, U. S. small-size
notes to $20
J4004
Mark Taylor, 661 Ashburnham, Auburn Hts, Mich.
48057
C
Freaks & errors, small-size $2 notes and $1
S.C.
4005
Richard L. Dahl, 6149 E. Surrey Ave., Scottsdale,
Ariz. 85254
C
U. S. large and small-size notes
4006
Robert R. Sullivan, N. 6412 Greenwood Blvd.,
Spokane, Wash. 99208
C
British and French Colonies; Military, Ja-
pan
4007
Prof. Calin Turcu, Str. Progresului, Valenii de
Munte, Prahova Romania
c
World
4008
Norm Seward, 1825 Colonial Ave., Waco, Texas
76707
c
U. S. Types
4009
Ronald F. S. Harman, P. O. Box 88, Cleveland, Ga.
30528
C, D
4010
Karl R. Zuehlke, 2020 Jenkee Dr., Florissant, Mo.
63031
C
U. S., Missouri obsoletes, general foreign
prior to 1940
4011
Erik Andersson, Azaleagatan 14, S-21362 Malmo,
Sweden
C
Modern bank notes of the world
4012
Mary Louise DeLeon, 222 Merry Ann, San Antonio,
Texas 78223
C
4013
Blaine Moore, 402 West Church St., Marshalltown,
Iowa 50158
C, D
Early U. S. currency
4014
A. V. Barr, 4017 Lauriston St., Philadelphia, Pa.
19128
C
4015
David M. Larson, Box 121, Div. 34, FPO San
Francisco 96630
C
Japanese and Chinese
4016
Raymond E. Lloyd, 6512 Anvers Blvd., Jacksonville,
Fla. 32210
C
American currency
4017
Stephen Voges, 120 Orinold Dr., Apt C, Bright-
waters, N.Y. 11718
C
PACE 82
Paper Money
WHOLE NO. 50
4018 Sal J. Bonito, 260 President St., Brooklyn, N.Y.
11231
4019 Richard E. Reed, 280 N.E. 116th St., Miami, Fla.
33161
4020 Charles Stubbart, 7328 Pittsford-Palmyra Rd.,
Fairport, N.Y. 14650
C
C Florida notes
C
Resignations
2617
Herman Babo
1715
Constantino Meccarello
3904
Edward G. Belcher
2817
Harriet Morello
2945
Charles E. Blanford
3473
William R. O’Donnell
3671
Ralph Brodo
1927
Lewis A. Peterson, M.D.
599
Charles Christman
3629
Gordon D. Rammer
1695
N. H. Deutsch
1345
Dr. Millard S. Rosenblatt
2963
Harry M. Eisenhauer
372
L. P. Schweiger
1807
Henry Gogolin
3585
David M. Sliva
2444
Glenn A. Jordan
1274
Henry H. Thomas
1097
Dr. Jules Korman
1913
Philip A. Weber, Jr.
3521
D. George Kyle
1850
Helen H. Williamson
1478
1478
Charles K. Lyle
Warren T. Lybrook
173 Russell Wright
Moved — Left No Forwarding Address
3199
2841
Fred C. Hansen
Edwin T. Kuether
2333
Dr. Richard E. Riehl
Reinstatement
3379 SSGT. Harold A. Wells, Jr., 748 AC & W Sq. Box
365, APO Seattle, Wash. 98709
Address
3810 W. Thomas Hayes, 1304 S. Main, Aberdeen, S.
Dak. 57401
1997 Maj. Donald W. Schleicher, 8-K Riverview Vil-
lage, Indian Head NOS, Maryland 20640
3314 Jack M. Vorhies, 130 E. Epler, Indianapolis, Ind.
46227
2511 J. T. “Tommy” Wills, Jr., P. O. Box 1842, El
Dorado, Ark. 71730
2879 Stanley Apfelbaum, First Coinvestors, 200 I. V.
Willets Road, Albertson, N.Y. 11507
3724 Clyde S. Bensey, P. O. Box 457, Harriman, Tenn.
37748
912 Alfred Bergman, 2951 Palm Aire Dr. So. #104,
Pompano Beach, Fla. 33060
3552 R. Craig Bittner, 763 Deal Ave., Apt 1, Somerset,
Pa. 15501
610 Leonard E. Buckley, 28309 Honeysuckle Dr.,
Damascus, Md. 20750
2966 Bernie N. Caviness, P. O. Box 4551, Warrington,
Fla. 32507
3048 Alfred F. Chalk, Economics Dept., Texas A. &
M. Univ., College Station, Texas 77843
3463 Carl Cochrane, P. O. Box 793, Monticello, Ark.
71655
3836 Rainer R. Elze, 5785 N.E. 17th Terr., Fort
Lauderdale, Fla. 33308
2100 Rev. G. F. Esser, 1515 Barthold St., Fort Wayne,
Ind. 46808
3896 Gerald G. Finnell, P. O. Box 6063-C, Orlando,
Fla. 32803
3636 Samuel A. Card, P. O. Box AG, Cape Coral,
Fla. 33904
3842 Gilbert C. Goldman, 12 Flint Dr., Spring Valley,
N. Y. 10977
2030 Raymon F. Hatfield, Pine Knoll Acres, 3268
South U.S. #42, Lebanon, Ohio 45036
3516 Sam G. Havelos, 305 Cork Dr., NE, Blacksburg,
Va. 24060
38 Floyd O. Janney, P. O. Box 143, Waukesha, Wis.
53186
447 Herbert F. Jenne, Box 4610, Fort Lauderdale,
Fla. 33304
Changes
393 David W. Karp, P.O. Box 38-241, Key Largo,
Fla. 33037
3369 Charles E. Kirtley, P. O. Box 192, Cullowhee,
N.C. 28723
490 Ronald Kowaleski, 123-63 Street, Niagara Falls,
N.Y. 14304
1528 James E. Lund, Rte 3, S. Lake Cowdry, Alex-
andria, Minn. 56308
3024 Dr. Robert Montgomery, 1801 Sixth St., Drawer
36, Clay Center, Kansas 67432
3606 Ronald T. Ohama, c/o Philco-Ford Corp., OL - 5
( AFSC), APO New York. 09023
2085 Gary K. Olsen, 116 E. Spruce St., Titusville, Pa.
16354
3591 Thomas H. Adams, P. O. Box 5568, Walnut
Creek, CA 94596
3512 A1 Almanzar, Bank of San Antonio Bldg., One
Romana Plaza — Suite 208, San Antonio,
Texas 78205
472 Tracy Atkinson, 4417 N. Frederick Ave., Shore-
wood, Wis. 53211
693 Dr. Joseph H. Danoff, 205 Third Ave., New York,
N.Y. 10003
2113 Elmer G. Harris, 10941 Quarry Rd., Oberlin,
Ohio 44074
3157 Gene Hessler, c/o Chase Manhattan Bank, 30
Rockefeller Plaza, New York, N.Y. 10020
2936 David Keable, 69 Elmfield Way, Sanderstead,
Surrey, United Kingdom
3872 Charles B. Sedman, 311 So. La Salle St. #6 B,
Durham, N.C. 27705
3862 Samuel W. Shelton, 16 Arkansas, Great Lakes,
111. 60088
2147 Chas. L. Van Diviere, Jr., Box 430, Brunswick,
Ga. 31520
966 Joseph A. Persichetti, Box 358, Great Neck, N.Y.
11022
3282 Jose P. Reis, P. O. Box 639 Sta “N”, Montreal
129 Que., Canada H2X 3M6
306 John N. Rowe III, 6300 N. Central Exp. #251,
Dallas, Texas 75206
WHOLE NO. 50
Paper Money
PACE 83
3347 Dan J. Shroka, 7609 Lucerne Ave. #A-26,
Middleburg Hgts., Ohio 44130
3774 H. Q. Sibley, 85 Brookwood Rd., Trenton, N.J.
08619
2908 CMSGT Marvin E. Stanton, 1757 B Iowa Street,
GF AFB, N. Dak. 58201
3360 Stanley Treadway, Route #6, Box 270, Johnson
City, Tenn. 37601
1435 Roger A. Wentz, 1215 N. Fort Meyer Dr. #808,
Arlington, Va. 22209
Change in Zip Code Numbers
224 Vernon L. Brown, 7178 East Tropical Way, 3731 Richard L. Musgrave, 131 E. Church St., Beth-
Plantation, Fla. 33317 lehem, Pa. 18018
Change in Name, or Title, or Membership Number
3915 John P. Dougherty 1373 LTC Peter A. Graubard
3703 Rodney L. Kelley
MONEY MART
FOR USE BY MEMBERS OF THE SOCIETY ONLY
Paper Money will accept classifield advertising from members on a basis of 5c per word, with a mini-
mum charge of $1.00. The primary purpose of the ads is to assist members in exchanging, buying, sell-
ing, or locating specialized material and disposing of duplicates. Copy must be non-commercial in na-
ture. At present there are no special classifications but the first three words will be printed in capital
letters. Copy must be legibly printed or typed, accompanied by prepayment made payable to the So-
ciety of Paper Money Collectors, and reach the Editor, Barbara R. Mueller, 225 S. Fischer Ave., Jeffer-
son, Wis. 53549 by the 10th of the month preceding the month of issue (i.e., Apr. 10, 1974 for May,
1974 issue). Word count: Name and address will count for five words. All other words and abbrevia-
tions, figure combinations and initials counted as separate words. No check copies. 10% discount for
four or more insertions of the same copy. Sample ad and word count:
WANTED: CONFEDERATE FACSIMILES by Upham for cash or trade for FRN block letters,
$1 SC, U. S. obsolete. John Q. Member, 000 Last St., New York, N. Y. 10015.
(22 words; $1; SC; U. S.; FRN counted as one word each)
(Because of ever-increasing costs, no receipts for Money Mart ads will be sent unless specifically
requested.)
WANTED: BROKEN BANK notes and sheets of the
New England states. Building a research and exhibit
collection. Especially want notes with historical or inter-
esting and unusual vignettes. Will also pay generously
for notes of rarity, high denomination or high quality.
Will travel for large offerings. Write with description
and price wanted or send notes for my offer. Duplicate
notes for sale or trade, will send on approval. John
Ferreri, P.O. Box 33, Storrs, CT 06268
WANTED : MILITARY PAYMENT certificates and cur-
rency W. W. II. Send list with prices or ship for highest
prices. Clark Hutchason, P. O. Box 1773, Burlingame,
CA 94010
CALIFORNIA AND OTHER Western States Nationals
plus certain other large-size currency wanted for collec-
tion. Have trades available. Richard A. Sara, Box 296,
LaFayette, CA 94549 (51)
ILLINOIS AND CHICAGO obsolete notes wanted. Pri-
vate collector interested in Chicago historical items, scrip,
maps and books. James J. Conway, M.D., 2300 Children’s
Plaza, Chicago, IL 60614 (51)
MISSISSIPPI OBSOLETE NOTES and scrip wanted for
my collection. Also need Alabama and Louisiana notes.
Byron W. Cook, P.O. Box 181, Jackson, MS 39205 (52)
WANTED INDIANA OBSOLETE before 1861, especial-
ly Indian Reserve Bank, Kokomo, Ind. Louis H. Haynes,
1101 E. Fischer, Kokomo, IN 46901 (55)
UPGRADE YOUR MPC collection. Trade your duplicate
notes, gold coins, commemoratives for hi-value MPC
notes. Pricelist SASE. Make offers. Mervyn H. Reynolds,
P. O. Box 3507, Hampton, VA 23663 (57)
MISSOURI CURRENCY WANTED: Nationals, obsolete
and bank checks from St. Louis, Maplewood, Clayton,
Manchester, Luxemburg, Carondolet and St. Charles.
Ronald Horstman, Route 2, Gerald, Mo. 63037 (54)
TRADING ONLY. NEED recent issues FRN $1 1963
BC-CB-DB. 1963A B-B, also $5 red seal 1928D. Trading
120 blocks and stars from 1963. Phil MacKay, Box 235,
Osceola, MO 64776
Do you have all your block-letters or ending numbers
on your sets? Send 25c for 10-page sample price list,
$1 for complete list for 1974 listing Silver Certificates,
legals, FRN Dillons through Shultz by blocks, Copes,
radars, end-sets, low and fancy serials, errors. Send
want list. James Seville, Drawer 866, Statesville, NC
28677 (53)
WANTED FRN $1 series 1969D, District 2, B543 and
District 8, H543, star or any block letter. F. Edward
Burke, 7862 Seward Ave., Mount Healthy, OH 45231 (53)
STAR NOTES WANTED: $1 Silver Certificates before
1935. $5 and $10 Silver Certificates all series. $1, $2
and $5 United States Notes all series. $5 Federal Reserve
Notes before 1963. 1929 Federal Reserve Bank Notes
wanted in all denominations. Please state price and condi-
tion in your first letter. Frank Bennett, 12233 Woodland
N.E., Albuquerque, NM 87112 (52)
WANTED: SMALL CURRENCY types in CU $20: FRN
1934D. $50: National Type II; FRN 1928, 1934 to 1934D.
$100: National Types I and II; FRB 1929; FRN 1928,
1934 to 1934D, 1950 to 1950E, 1963A. Paul H. Johansen,
2 El Vedado Lane, 24 Santa Barbara, CA 93105
PACE 84
Paper Money
WHOLE NO. 50
NEED THE FOLLOWING crisp uncirculated $1 to $5
Federal Reserve Notes or Silver Certificates: 76555555,
0000063 6, 00000058, 00000059, 49333333, 02111111,
4 9 1 1 1 1 1 1, 80800808, 66660000, 00811800, 00811008,
1600160 0, 06050605, 50605060, 65333356, 76555567,
2113311 2, 11112111, 99525555, 77799777, 11223344,
22334455, 33224455, 44556677, 55667788, 66778899. Do you
need any District 6 starred notes; regular triple or quad
endings? John C. Coleman, P. O. Box 257, Vaiden, Miss.
39176
SPRINKLE PAYING $700.00 for one lot of 1000 stock
certificates. From 1000 different companies. Frank
Sprinkle, Box 864, Bluefield, WV 24701
ATTENTION PLEASE: PAGING Mr. Warren E. Drew.
Please contact Frank F. Sprinkle, Box 864, Bluefield,
WY 24701
PAPER MONEY VOLUME 4, Number 1 wanted. Also
Volume 1-3 issues wanted. Art Curths, P. O. Box 1091,
Albuquerque, NM 87103
NEW MEXICO, COLORADO company store scrip wanted.
Would like to hear from collectors having such scrip, or
information, for current research project. Also wanted:
1907 Clearing House Certificates and related material.
Art Curths, P. O. Box 1091, Albuquerque, NM 87103 (53)
WANTED: VIRGINIA OBSOLETE paper money issued
by banks, counties, cities, and private scrip issues.
Virginia proof bank notes especially wanted. Richard
Jones, P. O. Box 1981, Roanoke, VA 24009 (53)
WANTED: NORTH CAROLINA currency, State issues;
also, scrip and North Carolina-C.S.A. Deposit Receipts.
David Saulmon, 4303 28th Place, #5, Mt. Rainier, MD
20822
WANTED: TEXAS COUNTY and Treasury warrants;
Alabama private scrip, Criswell #M-80; Nazi and Com-
munist propaganda leaflets. William Manning, 4636
Wellesley #107, Fort Worth, TX 76107
OREGON OBSOLETE SCRIP wanted: all types — Depres-
sion, advertising, Centennial, etc. Also, political satire
notes all elections, any state. Price and describe. Michael
Calaba, 228 Rock St., Silverton, OR 97381 (51)
CONNECTICUT CURRENCY SHEETS wanted, especial-
ly rare obsolete and colonial sheets, the 1777 pence sheet,
and also fractional sheets. Your correspondence on any
Connecticut item is sincerely welcomed. Robert J. Galiette,
Brown University Graduate Center, Box 7023, Providence,
RI 02912
WANTED: VERMONT OBSOLETE paper money
Please describe fully and send price wanted and quantity
available. Interested in singles, sheets or entire collec-
tions. William L. Parkinson, Woodbine Road, Shelburne,
VT 05482 (55)
GEORGIA BROKEN BANK notes wanted by serious
collector. Willing to pay fair price. Especially want
early and rare pieces. Gary L. Doster, Rt. 2, Box 18A
Watkinsville, GA 30677 (54)
MILITARY CURRENCY WW2 wanted: Allied, Axis,
Japanese Invasion/ Occupation and U. S. Military Pay-
ment Certificates. Edward Hoffman, P. O. Box 8023-S,
Camp Lejeune, NC 28542 (59)
BANK OF JAPAN notes wanted, issued before WW2.
Also want notes during and before the Meiji era. Will pay
top dollar. Any condition wanted except rags. Please
write and send me your list. David M. Larson, Box 121,
Div. 34, FPO S.F., CA 96630
PAPER MONEY MAGAZINES for sale. Whole numbers
10 through 41 (1964-1972). Also Friedberg’s PAPER
MONEY 2nd, 3rd, 4th editions. Write L. Sakai, Rt. 1,
Waverly, OH 45690
WANTED
IOWA
IOWA
IOWA
IOWA
NATIONAL
BANK NOTES
From the following IOWA cities and towns:
Adair
Estherville
Holstein
Marshalltown
Afton
Floyd
Ida Grove
Nashua
Belmond
Fort Madison
1 reton
North boro
Blockton
Carden Grove
Jesup
Olin
Brighton
Gilmore
Lansing
Orange City
Brooklyn
Coldfield
Lawler
Sanborn
Clutier
Grafton
Lineville
Sutherland
Coin
Hamburg
Linn Grove
Wesley
College Springs
Harlan
Lisbon
Dike
Harris
Macksburg
Please state condition
and price or send insured for my fair offer to
WILLIAM R.
HIGGINS, JR.
BOX 64, OKOBOJI, IOWA 51355
ANA Life #109
SPMC #2950
PM-50
M. Tiitus
Box 259
Menlo Park, Ca. 94025 USA
WORLD PAPER CURRENCIES — Price List & Order Blank
Name & complete mailing address For Office Use
Received
Remittance $.
Amt. Filled $
Amt. Due S
Ref. or Credit $
Shipped
To help me serve you better, please read carefully:
] — Please make all remittances payable to: M. Tiitus
2— All prices are given in USA funds
3— ABSOLUTE SATISFACTION GUARANTEED five day return
privilege
4 — USA : Orders over $15.00 are sent by insured airmail
5“ USA : Orders under $15.00 sent first class at buyer's risk
6 — Canada: Registration (indemnity up to $200.00) $1.00 extra
7 Canada: Without registration, orders airmailed at buyer’s risk
8- ELSEWHERE: Registration (indemnity $13.00) $1.00, plus $0.20
for each J /n-oz. for airmail: buyer assumes risk over $13.00
9 — All orders under $3.00 must include 30c for handling
a — Asterisk (*) : Limited quantity in stock at time of printing
b — Second choices appreciated— used only if needed
c — Many items on previous lists again, or still, in stock
d — ABBREVIATIONS : B— Bank : ENGR — Engraved : me — m ulti-
color(ed) ; Sig — Signature. Signed; wmk — watermark(ed) ; U —
Uncirculated.
Please do use this handy order blank — it will be returned to you with
your order, and may be reused with a different color pencil.
‘♦*** H * 4 *«*** t *«* 4 ***»**«**** 4 »****V*« * * « « * * * * * « » * * * « * * * * , , » » • * •
ATTENTION PLEASE : All lists prior to PM-48 are now' inoperative !
AUSTRIA: Empire
1 Guld 1800, uniface : damaged corner G- 2.75*
2 Guld 1800 uniface ~ F 9.50*
........5 Gulden 1800, uniface F- 9.50*
5 Gulden 1806, different from 1800, crude design on
back G-F 8.00*
10 Gulden 1806, terrible condition T 3.00*
AUSTRIA — Karnten (Carinthia. Austrian Province) 11 Nov 1918
10 Kr orange set of two PROOF uniface sides ; Pick-R2 U 10.00*
BOCKS
PAPERMONEY CATALOGUE OF THE AMERICAS, by Albert
Pick. This long-awaited reference work is here at last ! In
English, with valuations in dollars : hardbound. 335 pages ; 52
listings, including island countries. Retail price $25.00.
1 copy to anyone using this order blank 23.50
1 copy, if accompanying order for notes is over $25.00 .... 20.00
1 copy, if accompanying order for notes is over $100.00 15.00
CATALOGUE OF EUROPEAN PAPER MONEY, SINCE 1900, by
Albert Pick. Already a well established and popular refer-
ence — a “must” for all “worldwide” collectors. In English,
with valuations in dollars : hardbound, 320 pages ; 47 country
listings.
1 copy, postpaid & insured within USA 12.00
CHINESE BANKNOTES, by Ward D. Smith & Dr. Brian Ma-
travers. The most comprehensive work of its kind (full partic-
ulars available upon request). Over 1100 issuers, 1800 illus-
trations, 5000 notes described in detail. Full indexing in both
English and Chinese making note identification quick and easy ;
valuations. Hardbound, 230 pages. Limited edition — not dis-
tributed thru normal numismatic trade channels. Made in
Menlo Park !
.... I would like complete details before deciding to order ....
I know' I can’t live without a copy ; please send it 15.00
PAPER CURRENCIES OF ESTONIA, by M. Tiitus. Spine-bound,
convertible to loose-leaf. This book is fully illustrated — both
fronts and backs of notes are shown : 28 well-printed pages ;
valuations. Standard reference. Made in Menlo Park ! Limited
quantities available from original printing.
1 copy, postpaid anywhere in the world 3.50
$1 extra for registration optional for all hardcover or-
ders outside USA : otherwise buyer assumes all risks .... 1.00
CAMBODIA — Banque Nationale du Cambodge
1 Riel (boats, green/building, green) 128x64mm U .75
5 Riels (face in stone, ied/mansion, red) 134x67mm U 1.40
10 Riels (temple, brow r n & mc/modern bldg) 140x69mm U 2.25
CANADA — Bank of Canada (Ottawa, Issue of 1935)
$2 (Queen Mary, black, blue/Mercury, etc) BABNC F-VF 15.00*
CHILE — Banco Central de Chile (new type)
10 Escudos (Balmaceda, orange-brown/battle scene)
145x70mm U
From PM-48 : 1 P 1943 Sets of A, B, C, D now changed
to .. VF-U
CUBA — El Banco Espanol de la Isla de Cuba
5 Centavos 1896 (arms, black/plant, green) ABNC G
10 Centavos 1897 (arms, black/ships, brown) ABNC U
50 Centavos 1896 (arms, black/plant, red-orange)
ABNC F-VF
1 Peso 1896 (arms, black/lady, blue) ABNC VF-U
10 Pesos 1896 (oxcart, black & green/arms, green) ABNC.
rubber stamped signatures, light center crease EF-AU
same, but better condition U
similar, but with signatures printed in black AU-U
same, but PLATA (=silver) ovpt on back in red EF
CZECHOSLOVAKIA- Republika Ceskoslovenska (Post-WW2)
5, 10, 20, 50, 100 & 1000 Korun, undated, printed in Lon-
don in 1945, set of 6 notes. Also, 1, 5, 10, 20, 20, 50.
50, 50, 100, 500. 1000, 1000, & 5000, dated 1945-53, printed
in Prague, set of 13 notes. Both sets, 19 notes U
1000 K 1945, from above set, my choice of wmk U
5000 K 1945, from above set, portrait of Smetana U
*** These notes have not been perforated SPECIMEN (much
cheaper)
DENMARK Danmarks Nationalbank
10 Kroner, current (Hans Christian Andersen/windmill U
50 Kr (Ole Rpmer. astronomical observatory/rock forma-
tion) U
.65
6 . 00 *
.25
3.50*
.75
3.75*
8.75*
12.50*
8.50*
5.75*
32.50*
5.00*
7.50*
2.75
12 . 00 *
A PARABLE
The horde of questions about why I’ve put my lists in PM deserves
a parable . . . Once upon a time, or thereabouts, a citizen of a
large eastern European country discovered that her cow' was lost.
Since said bovine was not only her sole material treasure, but also
provided a substantial portion of nourishment for her family, she
was on the verge of panic when a search, aided by neighbors,
proved futile. As a last resort, she decided to try the local police
station. The commissar was very sympathetic, and suggested she
place a small notice in the “Lost & Found” column of “The
Truth,” since every citizen in the country and environs gets the
paper. In fact, the friendly official offered to help with the paper-
work. But, the woman’s expression of joy, derived from new-
found hope, slowly changed into a look of perplexity. Surprised,
the officer impatiently asked what the matter was. “Couldn’t you
rather put the notice on The Voice of America?” she asked, “That
way, everybody will hear about it !”
FINLAND — Soumen Pankki
1 Markka 1963 (sheaves of wheat, red-brown & olive,
arms) .. U .50
5 Markkaa 1963 (evergreen branch, blue & green/
arms) U 2.25
FORMOSA (Taiwan: Nationalist China: Republic of China)
¥1 (1932) (pagoda, purple & black/sea) S&M-T70-30 VF .95
$1 (1946) (Dr. Sun Yat-sen, map, blue/naval battle) U .70
$10 (1946) (Dr. S, map, gray/naval battle) U .70
1 Cent 1954 (bldg, blue/map, blue) U .50
1 Yuan (=¥) (1961) (Dr S, cliff, green/parliament
bldg) U .25
5 Yuan (1961) (Dr. S, lighthouse, brown/parliament
bldg) U .50
10 Yuan (1961) (Dr. S, bridge, red/parliament bldg) U .70
FRENCH OVERSEAS TERRITORIES (Departments of Guadeloupe.
Guayna, and Martinique)
10 Francs (pretty chick, mc/native, fruit, crane, me) F-EF
GERMANY, EAST (DDR)
20 Mark 1964 (Gbthe, brown & mc/bldg, arms) U
50 Mark 1964 (Engels, green & mc/harvester, arms) U
50 Mark NEW ! 1971 ( Engels, red & mc/refinery)
smaller .. U
GREECE
Collection of 25-26 inflation notes, 1940-1944, mostly
uncirculated, but a few VF VF-U
GREECE
50 Drachmas 1964 (Arethusa, blue & mc/shipbuilding) U
100 Drachmas 1967 (Democritus, atom, brown & me/
bldg) U
HONDURAS — Banco Central de Honduras
1 Lempira 1968 (Lempira, red & 1 green/ruins) TdlR . ..U
1 L, same except 1972, different signatures U
*** For 5 and 10 L, please see list PM-49.
HUNGARY: Hungarian revolution era notes; some signed by freedom
fighter Lajoz Kossuth : arms appear on fronts : 5 different languages
on backs.
1 Forint (1848) black on gray-brown, Sig LK F 5.00*
2 Forint (1848) black on pink, Sig LK F 7.00*
5 Ft, 1 Sep. 1848, brown on gray. Sig LK VF 7.50*
5 Ft, same, except orange-brown on gray VF 10.00*
10 Ft, 1 Sep. 1848, black on gray-violet, Sig LK VF 12.50*
15 Pengo Krajczarra, 1 Jan. 1849, rust-br, fractional F-VF 3.50*
(continued overleaf)
6.50*
4.75*
10.00*
8.75*
6.50*
2.75
4.75
1.50
1.10
(continued from previous page)
30 Pengo Krajczarra, 1 Jan. 1849, gray, fractional . G-F 4.25*
2 Pengo Forintra, 1 July 1849, brown paper, Sig LK VF 7.00*
2 P F, similar except scarce white paper : small 1mm dia-
meter “mousebite” out of top edge, stamp hinge, else
Unc - EF 17.50*
HYDERABAD
1 Rupee (Sten H256A, or H256B — 1941, or 1942 respectively) .. sold
1 R (1942) 4 diff sig combinations for specialist VF 19.50*
1 R (1941) 3, and (1942) 4 signature combinations (7) VF 48.00*
10 R (1941) H256A (orange & mc/mc) stained, cheap at F 3.25
10 R, same, better condition ..VF-VF-f- 7.50*
INDIA: For use in the Persian Gulf area only (some mislist these
issues under Muscat & Oman which happen to be among the many
places these notes were used)
1 Rupee 1957, like the India 1 R. but red color U 1.90
5 R (1957), like the India 1 R, but orange color U 5.90
INDONESIA
- 5 Rupiah, 1 Jan. 1947 (Sukarno, green/green) F-D47C1 VF 3.75*
5 R, same, but uncirculated U 16.00*
10,000 Rupiah 1964 (fishermen, arms, green & mc/boats) U 1.50
IRAQ — Central Bank of Iraq
*4 Dinar, recent (ship at giant dock, green/trees) VF 2.75*
J A D, NEW TYPE, vaguely similar, without borders . EF 2.25*
IRELAND — The Central Bank of Ireland
1 Pound 1968-71 (Irish lass, green & mc/face, green) ...U 4.25
5 Pounds 1973 (Irish lass, brown & mc/face) larger ... U 18.50*
ITALY — Banca d’ltalia
1000 Lire 1971 (Verdi, violet & mc/operatic theatre) ...U 2.40
5000 L 1971 (Columbus, map, horse with fishtail, arms,
green, blue & mc/the three ships, you know which :
anchor) U n.oo*
JAMAICA — Bank of Jamaica
50 Cents (Marcus Garvey, arms, red & mc/monument, me) U 1.10
1 Dollar (Bustamante, violet & mc/cove, ships, me) . U 2.00
2 Dollars (Bogle, green & mc/racial varieties exhibit) U 3.40
10 Dollars (Gordon, blue & mc/bauxite excavation) EF-U 18.00*
*** Bank Governor Brown is being promoted, and his signa-
ture will disappear from these notes. So. while they last . . .
JAPAN — Nippon Ginko
100 Yen (man with parted beard/diet bldg) U .60
500 Y, recent, obsolete (man, blue & mc/mtn at rt) IJ 6.75*
500 Y, new type, remotely similar (man/mtn at left) U 2.25
1000 Y (portrait at rt, olive green & mc/bldg, me) U 4.25
KOREA
5 Chon red, 10 brown & 50 blue, scarce 1949 fractionals U 12.00*
1 Yen (Gold) (cl914) (bearded man, tan & bk/design) F-VF 3.75*
10 Yen (1949) (arch, black & pink/bldg) U 1.25
100 Won (cl946) (bearded man/brown. orange flower) EF 2.75*
100 Won (cl947) (bearded man/green, purple flower) EF-U .85
1000 Won 4285 (1952) (Rheo. grav-green /green) U .65
1000 Won 4286, same except date, higher plate numbers U .65
50 Won, recent (pagoda, green, brown & bk/flame,
blue) — U .75
500 Won, new type (man, turtle boat, blue & mc/shrine) U 2.50
LAOS
1 Kip (tower, arms, green/ploughing with ox, green) U .25
1 Kip (figure, maroon & mc/elephants, maroon & me) U .10
5 Kip (Savannah Puma, green/elephant, rider) engraved U .45
10 Kip (native chick, blue & mc/blue & me) engraved U .55
.20 Kip (prince, brown & mc/house) engraved .. U .70
.50 Kip (prince, violet & mc/monument, bldg) engraved U 1.00
of flowers) engr. largest, most ornate note in group U 1.75
200 Kip (prince, blue & mc/waterfall) engraved U 3.50*
LATVIA (Pick numbers given)
2b 1 Rublis 1919 (1 & d green design/1 & d green) G-VF 4.25*
2b same, but uncirculated U 12.50*
4b 10 R 1919 (viking ship, brown & green/“L,” etc, me) VF 10.00*
8 100 R 1919 (“L,” brown & tan/tree) small corner miss VF 13.50*
18 25 Lati 1928 (Valdemars, ships/arms, blue) W&S engr VF 14.00*
20 50 Latu 1934 (Ulmanis, blue & mc/arms) TdlR engr VF 6.75*
21 25 Lati 1938 (man with sword, green/barge) BW engr VF 6.50*
28 20 Latu 1936 (castle, brown & mc/farming, me) AU-U 35.00*
29-32 10 L 1937-40 (fishermen hauling in nets, blue & me/
sower, arms, indigo) wmk, engraved, date my choice . VF 5.75
LATVIA — Riga city issue, promissory notes, 15 Aug 1919: Platbarzdis
illustrations numbers given
131 1 R (1 & d brown /German & Russian text) 4mm
No .. G-VF 8.50*
131 same, except serial number’s height 5mm G-VF 7.75*
132 3 R (1 & d green/German & Russian text) G-F 9.00*
LEBANON
1 Livre 1963 (castle in water, brown, etc/ruins) U 1.50*
1 Livre 1964 (ruins, brown & mc/stream in cavern)
TdlR U .75
25 Livres 1972 (ruins near ocean, brown/ruin on hill) ....U 17.00*
MACAO — Banco Nacional Ultramarino
100 Patacas 1966 (Silveira, brown & mc/arch, arms)
TdlR U 29.50*
MAURITIUS — The Government of Mauritius
5 Rupees (Geo V, arms, blue-green & mc/design)
W&S F-VF POR
5 Rupees, similar, except Geo V replaced by Geo VI F-VF POR
NETHERLANDS
5 Gulden 1966 (Vondel, olive & mc/mod art bldg, or some-
thing) replaced by coin, scarce current note in unc — U 3.25
NETHERLAND INDIES De Javasche Bank
10 Gulden cl930 (portrait, green/4 languages, me) ....F-VF 4.25
25 Gulden cl930 (portrait, brown/4 languages, me) ...F-VF 5.25
500 G 1926 (portrait, blue-purple/4 languages, me) . ...VF 48.00*
NETHERLAND INDIES— Muntbiljet (WW2 Liberation issue)
1 Gulden /Roepiah 1943 (Queen, arms, black/green )
ABNC U 1.75*
5 G/R 1943 (Queen Wilhelmina, arms, blue/pilot with
plane, infantryman, battleship, green) ABNC VF 2.75
10 G/R 1943 (Q. Wilhelmina, arms, red/like 5 G/R)
ABNC - ...VF 3.75
NEW CALEDONIA (Fr Overseas Territories inscribed NOUMEA)
100 Francs (girl, harbor scene, mc/girl, scene, me) U 2.00
500 F (man, boats, mc/bearded man, seashells, etc. me) U 9.50*
5000 F (Fr. explorer, map. olive & mc/Fr. navy officer,
me) 85.00*
NEW ZEALAND — The Reserve Bank of New Zealand
10 Shillings (Capt Cook, brown/Kiwi, native treaty)
TdlR U 4.25*
1 Pound (Capt Cook, purple & mc/sailships) TdlR U 6.75*
NIGERIA — Federal Republic of Nigeria
1 Pound (mod bldg, carmine & mc/native chopping) U .75
PERU— El Banco de Tacna (unsigned, 18??) (Nat’l BNC, NY)
III 1 Sold (two girls, train on bridge, brown & bk/brown) U
/// 5 Soles (Minerva, ranchers with llamas, green & bk/gr) U
above two notes offered as “set” only U 19.00*
PHILIPPINES — Stamps, Coins & Paper Currencies Lists
I plan to Xerox specialized Philippines lists to limited
number of serious specialists. I don’t want curiosity
seekers, and thus charge $1.00 to put your name on this
mailing list (returnable within one year, or doubly refund-
able in credit toward purchases). W’ant lists welcome!.... 1.00
PORTUGAL (see also List PM-49) (new price 50 E $3.50)
........100 Escudos 1965 (Branco, blue & mc/city view, me) U 6.00*
SPAIN — El Banco de Espana
100 Pesetas 1965 (Becquer, brown & mc/lady & parasol) U 2.75
500 P 1954 Zulcaga, blue & mc/bridge, blue & indigo) U 13.00*
SRI LANKA (former name CEYLON)
Arrived too late to list, but not to alphabetize. I invite
your request for special offers or approvals. If no order
accompanies this request, include 30c for Xeroxing, etc (0.30)
STAMPS — Want- list/ Approval Service
Fellow Philatelists! Send me your wantlists! My unique service
combines the best of two service fields. First, I will endeavor to
locate what you need from over 100,000 varieties of stamps of
the world. Second, you have 7 full days to examine the material
before committing yourself. You have to be satisfied !
However, I do require a small favor from you : That you sign an
approvals application for my protection. If you are a serious col-
lector, please request this form.
(Please do not confuse this straightforward philatelic wantlist
service with any numismatic service I may offer elsewhere. Since
numismatic items, generally, are not stocked in depth, but rather
are obtained by opportunities, their wantlists are subject to certain
restrictions and format requirements.)
SUDETENLAND — Die Deutsche Reichebank. 28 April 1945
20 Reichsmark (maroon & olive/brown & olive) U 3.75*
SURINAM — Muntbiljet (prices of others in PM-4S now obsolete)
2% Gulden 1973 NEW! (bird, etc me pastels/lizard, me) U 3.75
SWEDEN — Sveriges Riksbank
5 Kronor (Gustav Vasa, violet, green & mc/mc design) U 1.65
10 Kronor (Gustav VI Adolf, arms, green & mc/mc) U 3.25
*** Dates between 1966-1977 in stock in various conditions
50 Kronur (Gustav III, blue & mc/biologist von Linne) U 15.50*
100 Kronur (Gustav II Adolf, brown & blue/design) U 29.50*
SWITZERLAND: New prices for items on PM-48
10 Fr cl967 (G. Keller, violet & mc/alpine rose) U 4.50
20 Fr cl970 (General H. deFour, purple/Silver Thistle) U 8.50
URUGUAY (Law 2 Jan 1939: 146x73mm: new prices re PM-49)
10 Pesos (Artigas, violet & mc/oxcart, gaucho) TdlR AU-U 1.00
same, but nine different signature combinations (9) VF-U 12.00*
URUGUAY — Banco Central del Uruguay (current; 154x69mm: TdlR)
50 Pesos (Artigas, arms, blue & mc/military meeting) U 1.00
.100 P (Artigas. arms, red & mc/political meeting) U 1.75
SPECIAL: Both of the above notes (no trades) U 2.00
USA — Confederate States of America (Criswell numbers)
50 Cents, 6 April 1863 (Pres. Jefferson Davis/-) 4851 VF-EF 2.90*
$5, 17 Feb. 1864 (C. G. Memminger, Capitol/blue) 561 -E VF 4.00*
$100, 23 Aug. 1862 (steam locomotive & train, ship, milk-
maid carrying bucket on head/ — ) 289-Ae AU-U 8.75*
$100, same except 3 Oct. 1862. different sig: 289-Af AU-U 10.00*
$100, 28 Aug. 1862 (Negroes hoeing cotton, J. C. Calhoun,
Columbia, bk & orange) 316-X VF-EF 5.00*
$100, same except 24 Nov. 1862 317-Z U 8.50*
$100, same except 1 Dec. 1862 317-X VF 4.50*
USA — The State of Georgia (Issued in Milledgville, 15 Jan. 1862,
redeemable . . . when the Banks of Savannah & Augusta resume . . .)
$10 (woman with stalk of corn, sailship/ — ) oval stamp U 4.50*
$20 similar design, “X” replaced by “20,” etc U 14.50*
WORLD PAPER CURRENCIES— Limited Approval Service
At this time I am not prepared to solicit wantlists because I offer
scarcer items on these PM lists and via special offers anyway.
However, from time to time 1 have notes which I classify as “left-
overs” or “unsufficient quantities for listing purposes.” I propose
to send these along, with cash orders from these lists, on approval :
such items would be related to your order, or you may list addi-
tional issues/countries. Please do not submit wantlists for specific
items. Oh yes, you’ll still have to sign an approvals application
form. If interested, please check below.
Yes, certainly, I’d be delighted in receiving related items on
approval.
END OF LIST PM-50 — THANK YOU!
M. TIITUS, Box 259. Menlo Park, California 94025 USA
U.S. CURRENCY
LARGE NATIONAL BANK NOTES
FIVES
Fr. No. Charter No.
598 American-Traders NR Birmingham, Ala. XF-AU 7020 $55.00
598 Atlantic NB Jacksonville, Fla. VF 6888 75.00
574 City NB LaFayette. Ind. Cr. AU ( Denom. back) ....M5940 149.50
607 NB of Kentucky Louisville, Ky. F-VF 5312 24.00
592 Merchants-Mechanics NB Balt., Md. AF (Oates) .. E1413 37.00
Napier and Thompson (Rare signatures)
537 Union NB Lowell. Mass. AF (Dates) N6077 59.00
598 Phenix NB Providence. Rhode Island Cr. AU 948 69.00
TENS
627 Bk. of Cal. Nat. Assoc. San Francisco AF 9655 22.00
624 The Birmingham NB Derby, Connecticut VG-F 1098 39.50
624 Commercial NB Washington, D.C. VF-XF Crisp . 7446 39.50
577 LaSalle NB LaSalle, 111. Cr. Unc. (2nd Ch.) M2503 235.00
629 Rogers Park NB Rogers Park, 111. F 10305 55.00
Napier and Thompson (Rare signatures)
632 Citizens NB Boston, Mass. VF-F 11339 22.50
624 Old Lowell NB Lowell, Mass. Fine 1329 19.50
613 First NB Westfield, Mass. VF-XF N190 26.50
624 Citizens NB of King City, Mo. VF-XF 6383 43.50
416 NB of Newburgh New York XF (1st Ch.) 468 125.00
616 Mechanics & Metals NB City of New York F E1250 22.50
484 Quaker City NB Phila., Pa. VF-XF (2nd Ch.) 4050 65.00
628 Old NB of Spokane, Washington Cr. AU P4668 55.00
TWENTYS
640 Nat. Metropolitan Bk. Wash., D.C. VG (Dates) . . E1069 26.50
641 Continental NB Indianapolis, Ind. F (Dates) M9537 33.00
647 Tootle-Lemon NB St Jo., Mo. A-VF (Red) Repair M6272 37.50
648 Am. Exchange NB N.Y. City. N.Y. F-VF (Red) ...E1394 55.00
641 Fifth-Third NB of Cincinnati, Ohio G (Dirty) M20 27.50
647 Bituminous NB Winburne, Pa. Cr. AU (Red) E7334 195.00
Ser. #1 Beautiful sigs choice #1 note. Corner fold.
658 NB of LaCrosse, Wisconsin Fine 5047 26.50
THE FOLLOWING ARE PICTURED IN “NATIONAL BANK NOTE
ISSUES OF 1929-1935” (AND SUPPLEMENT)
$5 Abilene NB Abilene, Kansas G-VG 3777 12.50
$5 First & Second NB & Tr. Co. Oswego, N.Y. F 255 13.50
$10 Seaboard NB Los Angeles, Calif. Fine Ty II 12543 17.50
$10 National Builders Bank of Chicago F-VF 13146 17.50
$10 Nat. Bk. of the Republic of Chicago F-VF 4605 19.50
$10 NB of America at Salina, Kan. F-VF Ty II 4945 19.50
$10 The Lake Shore NB Dunkirk, N.Y. Cr. XF 2916 25.00
$10 Fulton County NB Gloversville, NY VF 3312 17.50
$10 The Victoria NB Victoria, Texas VG-F 10360 24.00
$20 Pacific NB of San Francisco, Cal. VF-XF 12579 25.00
$20 The Toy NB Sioux City, Iowa Fine (B000076A) F 10139 28.00
$20 Conqueror NB Joplin, Mo. XF-AU 13162 34.00
$20 Prospect Park NB Prospect Park. N.J. F 12861 26.50
THE FOLLOWING ARE LARGE SIZE TYPE NOTES
LISTED BY FRIEDBERG:
Fr. No.
19
SI
1874 F-VF
$42.50
40
$1
1923 Unc. Nice (Catalog $75)
45.00
42
$2
1869 VG
32.50
86
$5
1907 Crisp New-Faint Crease Rev. Rare
295.00
126
$20
1863 Crisp, Clean XF-AU
250.00
147
$20
1880 About Fine
39.50
217
$i
1886 Crisp Unc. (Catalog $140)
99.00
224
si
1896 VG (Educational!
22.50
225
SI
1896 VG (Educational)
22.50
299
$10
1891 XF-Nice
85.00
317
$20
1891 XF
145.00
710
SI
Boston Crisp AU $23
712
SI
New York Crisp, New, Light fold $20.00
718
sx
Cleveland Cr. AU Very light fold (Ser. D152A
$22.50)
718
$1
Cleveland About New with light fold $22.00
719
$1
Cleveland Nice AU $22.00
720
$1
Cleveland Cr. AU $22.00
740
SI
Dallas AU Nice (Fold) $29.00
742
SI
Dallas Like New. No folds or wrinkles $34.00
1929 SERIES NATIONAL BANK NOTES
FIVES
Anglo Cal. NB San Francisco, Cal. VG-F 9174 $13.50
First NB in Wichita, Kansas Cr. Unc. Ty II 2782 19.95
Worcester County NB Worcester, Mass. Cr. XF 7595 15.00
The Minnesota NB of Duluth, Minn. F-VF .11810 15.00
The Delta NB Yazco City. Miss. VG $21.50; F $26.50 . ..12587
F-VF $34 : XF $42.50 ; A-Unc. Cr. $50 :
Union Planters NB Memphis, Tenn. XF $17.50; AU $24.00
TENS
Peoples American NB Princeton, Ind. VG 10551 15.00
The Second NB Lexington, Ky. VG 2901 16.50
Framingham NB Framingham, Mass. Choice Unc. Ty II 528 29.95
The First NB Little Falls. Minn. AF 4034 22.50
First NB & Tr. Co. Minneapolis, Minn. VG 710 11.50
NB of Commerce Columbus, Miss. Ty II F $37.50 ; Unc. 80.00
The Second NB Cincinnati, Ohio Fine 32 23.00
The Ohio NB Columbus. Ohio F-VF 5065 17.50
First NB & Tr. Co. Oklahoma City, Okla. VG 4862 16.95
First Seattle Dexter Horton NB Seattle, Wash. AU 11280 32.50
The Union NB Eau Claire, Wise. F-VF 8281 15.50
Marine Nat’l Exchange Bk. Milwaukee, Wise. VF-XF .... 5458 15.50
1929 FEDERAL RESERVE BANK NOTES— I have an almost complete
set of this issue. 40 of the 49 collectable notes. 18 pieces unc.. 6
crisp AU, the balance in various grades, mostly F to XF. WRITE.
752 $2 New York Bright AU $42.00
832 $5 1914 Red Seal VF-XF $55.00
893 $10 1914 Red Seal F-VF 45.00
954 $20 1914 Red Seal F 40,00
1099 $100 1914 Blue Seal VF ....„ ... 135.00
1171 $10 1907 Gold Cert Cr. Unc .. 55.00
1173 $10 1922 Gold Cert. Crisp AU (Light fold) 39.00
1179 $20 1882 Gold Cert. (Scarce Cat. New $1250) VG 75.00
1180 $20 1882 Gold Cert. (Scarce Cat. New $1150) Fine 125.00
1208 $100 1882 Gold Cert. (Catalog New $800) Fine 150.00
SILVER CERTIFICATES— Crisp Unc. Series 1957, 1957-A and
1957-B. All known blocks — Total of 59 pieces $125.00
1928-A $1 Star Note •21188133A Unc .. 27.50
1935-B $1 Star Note *06752540B Unc 19.50
1934-A $10 Star Note North Africa *01233275A Fine 29.50
1928 $10 Star Note Gold Certificate *00651827A Fine 45.00
1934-D $10 Star Note Atlanta F02177095* Fine 19.50
TWENTYS
Bank of America San Francisco, Calif. AF 13044 $22.50
The NB of the Republic of Chicago. 111. Cr. XF 4605 29.95
Ayers NB Jacksonville, 111. Cr. VF 5763 27.95
The Nat’l City Bank Evansville, Ind. VF 12132 24.95
Lincoln NB & Tr. Co. Fort Wayne, Ind. Cr. VF-XF .... 7725 26.95
The First NB South Bend, Ind. VF-XF 126 26.95
The First NB Girard. Kansas AF (B000068A) Scarce ... 3216 44.00
First NB in Mankato. Kansas VG (A000037A) 6817 47.00
The NB of Kentucky Louisville, Ky. VG 5312 24.95
Whitney NB New Orleans, La. F-VG 3069 26.50
Nat’l Bk. Commerce New Orleans, La. Unc. Ty II 13689 45.00
Fidelity NB & Tr. Co. Kansas City, Mo. VF 11344 26.00
The Thornton NB Nevada, Mo. AF 9382 31.95
NB of Commerce of Lincoln, Neb. AF 7239 23.95
The First NB Bucyrus. Ohio VG-F Ty TI 443 26.50
Central United NB Cleveland, Ohio Cr. XF 4318 26.50
Farmers Deposit NB Pittsburgh, Pa. Crisp AU 685 27.50
The Union NB of Pittsburgh. Pa. VF-XF 705 23.00
Farmers NB & Tr. Co. Reading, Pa. F-VF 696 26.50
The Hamilton NB Chattanooga, Tenn. Fine 7848 26.00
The East Tennessee NB Knoxville. Tenn. Cr. AU 2049 32.95
First NB in Dallas. Texas Cr. XF Ty. II 3623 26.50
First NB in Houston, Texas VF-XF Ty. II 13673 26.50
The Seaboard Citizens NB of Norfolk, Va. VG 10194 23.50
The University NB Seattle, Wash. VG-F 12153 26.50
The Batavian NB La Crosse, Wise. AF 7347 26.50
Marine Nat’l Exchange Bk, Milwaukee, Wise. VF 5458 26.50
UNCIRCULATED $1 FEDERAL RESERVE NOTES:
1963 F0000 * & J0000 * Matched Pair $ 6.50
1963 Reg. Set (12 notes all Unc.) 19.95
1963 Set (12) All Plate #1. (Unusual set) 50.00
1963 Set (12) All Serials end 87 32.50
1963 Set (12) All Serials end 7 29.50
1963 Star Set (12) All Serials begin 00 27.50
1963 Star Set (12) All Serials begin 000 60.00
1963A Reg. Set (12) All Uncirculated Gems .. — 18.95
1963A Star Set (12) Begin 00 & end 0 32.00
1963B Barr Set (13) 9 Reg. & 4 Stars 17.50
1963B Barr Set (13) All Serials end 92 (or 93) 22.50
1969 Set (12) All notes Plate #1 25.00
ANA 45409 IAIIIIIII/ ft Ph.
MNA 14 uUnNN Y W« Area Code 601
SPMC 823
Post Office Box 714, Hazlehurst, Mississippi 39083
ADD 50 CENTS POSTACE AND INSURANCE ON ALL ORDERS
NATIONAL BANK NOTES
LARGE NATIONALS
Alabama SYLACAUGA, Ch # 7484, $20, 3rd, Blue VF $165
EUFALA, 5024, $20, 3rd, Blue F-VF 295
EUFALA, 3622, $20, 3rd, Blue VF 275
HEADLAND, 7424, $5, 3rd, Blue VG 150
FLORALA, 8910, $10, 3rd. Blue G 120
Two-State Name
Arkansas TEXARKANA, 4401, $5, 2nd, Br. Bk XF 3000
Two-State Name — A Rarity
BATESVILLE, 7656, $5, 3rd, Blue VG 70
California SAN FRANCISCO, 5105, $5, 2nd, Br. Bk VF-XF 350
LOS ANGELES, 2491, $10, 3rd, Blue VF+ 50
Colorado FLEMING, 11571, $10. 3rd, Blue G 125
$15,000—1934
Colorado Territory CENTRAL CITY. 2129, $5, 1st, 1875 VF 3500
Black Serial # (1 of 7?)
Connecticut HARTFORD, 670, $20, 2nd, Br. Bk. VF-XF 350
STAMFORD, 4, $10, 3rd, Blue U 175
NORWALK, 942, $5, 3rd, Blue G+ 25
Dist. of Col. WASHINGTON. 5046, $5, 2nd, Br. Bk F 400
Florida JACKSONVILLE, 8321, $10. 3rd, Blue P 15
Georgia ATLANTA, 1605, $5, 1st, Orig VF 1400
NEWNAN, 1861, $10, 1st, 1875 VG-F 2100
SAVANNAH, 1640, $10, 1st. 1875 F-VF 1700
Or take all three rare 1st Charter Georgia’s for $4800.
Idaho LEWISTON, 10212, $20. 3rd, Blue VG 295
Illinois CARROLLTON, 2390, So, 1st, 1875 VF 275
MASON CITY, 1850, S20, 2nd, Br. Bk. F+ 250
CAMBRIDGE, 2572, $10, 2nd, Denom VF 250
OAKLAND, 2212, $10, 2nd, Dates F-f- 160
FARMER CITY. 2156, $5, 1st, 1875 U 650
A great note, $10,800 out in 1894
O’FALLON, 6924, $20, 3rd, Blue U 150
ARENZVILLE, 9183, $20, 3rd, Blue G 50
2 Englebach signatures
ALTON, 1428, $2, 1st, Orig __ F 300
ROSSVILLE, 5398, $10, 3rd, Blue VF 70
$25,000—1934
HOOPESTON. 2808, $5, 2nd, Br. Bk G 175
SPRINGFIELD, 1733, $5, 2nd, Br. Bk VF 350
Tough State Capital
ROCHELLE. 1907, $5, 1st, 1875 - VF 350
$20,000—1934
Indiana CONNERSVILLE, 6265, $20, 3rd, Blue VF 75
LaGRANGE, 4972, $20, 3rd. Blue F 90
Tear
ORLEANS, 5558, $10, 3rd, Blue AU 293
$14,000 out in 1932 !
LAFAYETTE, 5889, $10, 2nd, Denom F 250
AMO, 8154, $10, 3rd, Blue VG 95
$25,000—1931
FRANKLIN. 3338, $10, 3rd, Blue VF 90
VINCENNES, 1873, S5, 1st, 1875 U 550
LEBANON, 2057, $1, 1st, Orig. AU 290
AUBURN, 6509, S10, 3rd. Blue G 80
THORNTOWN, 5842, $20, 2nd, Br. Bk. VF 300
$30,000—1934
TERRE HAUTE, 7922, $50, 3rd, Dates VF 225
BLOOMINGTON, 1888, $5, 2nd, Br. Bk XF 250
$30,000—1934
Iowa DUBUQUE, 2327, $5. 3rd, Blue VF 125
DUBUQUE, 317, $10, 3rd, Dates U 90
ACKLEY, 8762, $10, 3rd, Blue U 175
OELWEIN, 5778, $20. 2nd, Denom XF 275
COLUMBUS JUNCTION, 2032, $10, 3rd, Blue .VG 175
$12,500—1934 !
Kansas WAMEGO, 3434, $20, 3rd, Blue XF 200
$20,000—1934
ASLAND, 5386, $20, 2nd, Br. Bk U 1200
Gorgeous #1 note on the Stockgrowers N.B.
EMPORIA. 1915, $2, 1st. 1875 F 450
SALINA, 4945. $10, 3rd, Blue AU 150
Washed, fading in red parts but very tough to find
ABILENE. 3777. $50, 3rd, Red AU 400
Washed, fading in red parts but very tough to find
ST. JOHN, 7844, $5. 3rd, Blue VF 150
$25,000—1934
Kentucky MORGANFIELD, 2209, $5, 1st, 1875 VG-F 295
COVINGTON, 2722, $5, 2nd, Br. Bk U 250
LOUISVILLE, 5312, $10, 2nd, Denom F-VF 275
COVINGTON. 4260, $20, 2nd, Br. Bk F 175
CYNTHIANA, 2560, $10, 1st. 1875 F 275
Louisiana NEW ORLEANS, 1626, $5, 2nd, Br. Bk F 400
NEW ORLEANS. 1778, $5, 1st, Orig F 900
1st Charters are very rare of Louisiana
Maine WATERVILLE, 880, $5, 3rd, Blue XF 95
WALDOBORO, 1108, $1, 1st, 1875 VF-XF 395
Maryland WESTMINSTER, 1596, $20, 2nd, Br. Bk VF 300
A vice-pres. note
BALTIMORE, 1384, $20, 3rd, Blue U 200
Massachusetts BOSTON, 322, $50, 3rd, Dates U 200
FITCHBURG, 2153, $20. 2nd, Br. Bk F-VF 200
ADAMS. 4562, $10, 2nd, Dates VF 175
LYNN, 3429, $5, 2nd Br. Bk VG 175
$20,000—1915
MILTON, 684, $10, 3rd. Blue — VG 85
HOLYOKE, 3128, $10, 3rd, Dates VF 70
BOSTON, 643, $5, 2nd. Br. Bk XF 75
HOLYOKE, 1246, $5, 3rd, Dates F-VF 60
DORCHESTER, 156, $1, 1st, Orig AU 375
LAWRENCE. 1962, $10, 1st, 1875 VG 150
WORCESTER. 7595. $5. 3rd, Blue AU 60
GREENFIELD, 474, $10, 3rd, Blue AU 50
BOSTON. 3923, $10. 3rd, Dates VF 40
BOSTON, 5155, S100, 2nd, Dates VG 275
CLINTON, 440, $10, 3rd, Dates .F 55
BOSTON, 2103, $2, 1st, Orig U 900
A real honey, close trimmed
ORANGE. 2255, $20, 3rd, Blue VF 65
BOSTON, 525 $1, 1st, 1875 .VF 125
Michigan ISHPEMING, 5668, $10. 3rd, Blue - VG 55
Minnesota PLAINVIEW, 6293, $5. 3rd, Blue F 125
$20,000—1934
MINNEAPOLIS. 2006, $5, 2nd, Br. Bk VF 250
BEARDSLEY, 7438, $10, 3rd, Blue F 125
Asst. Cashier note $24,900 — 1927
Missouri ST. LOUIS. 5172, $5, 2nd, Br. Bk ,U 225
ST. LOUIS, 4178, $10, 3rd, Blue VF 35
KANSAS CITY, 5138, $5, 3rd, Blue AU 95
ST. LOUIS, 5172, $5, 2nd. Br. Bk AU 200
ST. JOSEPH, 4939, $5, 3rd. Dates VF 50
Nebraska BANCROFT, 8863, $10, 3rd, Blue G 60
$20,000—1934
CROFTON, 8186, $10, 3rd, Blue - - VG 95
$25,000—1934
NEBRASKA CITY, 1417, $10, 3rd, Blue U 95
O’NEILL. 5770, S20, 2nd, Br. Bk F-VF 400
DAVID CITY, 3934, $20, 3rd, Blue .VG-F 125
COLUMBUS, 8328, $10, 3rd, Blue - VF 150
ALBION, 3960, $20, 3rd, Blue - G 55
Ink spots
New Hampshire PORTSMOUTH, 19, $1, 1st, Orig G 75
2 pcs. taped
New Jersey MADISON, 2551, $20, 2nd, Denom .F 175
OCEAN CITY, 6060, S10, 3rd, Blue VG 65
FRENCHTOWN, 1459. $5, 2nd, Br. Bk - XF 375
RED BANK, 445, $10, 2nd, Br. Bk - F 275
New York ELMIRA, 5137, $20, 2nd, Br. Bk. VF 275
$25,000—1928
NEW YORK, 4581, $5. 2nd, Br. Bk - U 150
NEW' YORK. 1393. $1, 1st. Orig F4- 150
TULLY, 5746, $5, 2nd. Denom G 175
NEW YORK, 1461, $5, 2nd, Br. Bk XF 125
SYRACUSE, 1287, $10. 3rd, Blue F 55
CAMBRIDGE, 1275, $10, 3rd. Red F 175
V. Pres, note
SYRACUSE. 5465, $10. 2nd. Br. Bk F+ 300
V. Pres, note
KINGSTON, 1050, $5, 2nd. Br. Bk VG 70
FRANKLIN. 282, $10. 3rd, Red U 175
FRANKLIN, 282, $5. 3rd, Blue - VG 55
POUGHKEEPSIE, 1312, $10, 3rd, Blue VF 50
POUGHKEEPSIE. 1312, $5, 3rd, Blue XF 45
NEW YORK, 733, $10, 3rd. Red - VG+ 60
NEW YORK, 1250, $10. 3rd, Red - F 50
NEW YORK, 1461, $5, 3rd, Red VG 50
NEW YORK, 345, $5, 3rd, Red F 60
NEW' YORK, 345, $5. 3rd, Red VF 85
NEW YORK, 733, $10, 2nd, Br. Bk XF 175
NEW YORK, 1370, $10, 3rd, Blue VF 85
NEW YORK, 2370, $5. 1st, 1875 XF 395
V. Pres, note
NEW YORK, 733, $5. 2nd, Br. Bk. VF 150
V. Pres, note
WARREN HENDERSON, Box 1358, Venice, FL. 33595
PHONE 813-488-5941
NATIONAL BANK NOTES
North Carolina LENOIR, 8445, $20, 3rd, Dates F 425
$12,500—1929
North Dakota HETTINGER. 11677, $10, 3rd, Blue VG 375
$25,000—1924
Ohio IRONTON, 242, $1, 1st, 1875 VF 150
BUCYRUS, 3274, $5. 2nd, Br. Bk U 150
SPRINGFIELD. 1146, $5. 3rd, Dates U 125
LaRUE, 6675, $5. 3rd. Blue VF 75
$30,000—1924
CLARKSVILLE, 7370, $10, 3rd, Blue U 125
$26,000—1930
PIKETON, 7039, $5. 3rd. Blue U 125
$25,000—1930
WELLSTON, 3566, $5, 3rd, Blue U 95
BUCYRUS, 3274, $5. 2nd, Br. Bk F 70
MANSFIELD, 436, $1, 1st. Orig U 495
V. Pres, note
CRESTLINE. 6099, $5, 2nd, Br. Bk VF 95
DENNISON, 6843, $20, 3rd, Blue F 45
QUAKER CITY, 1989. $10, 2nd. Br. Bk F 125
COLUMBUS. 7745. $5. 3rd. Blue VF-XF 40
COLUMBUS. 7745M, $10. 3rd. Blue XF 55
PANDORA, 11343, $10. 3rd, Blue F 45
$30,000— ’34
COLUMBUS. 7745, $10. 3rd, Blue F-VF 50
DEFIANCE, 1906, S2. 1st, Orig G-VG 226
Original with Charter Number $22,000 — 1891
Oregon ST. HELENS. 11200, $20. 3rd, Blue VG 250
$25,000—1932
Oklahoma BRAGGS. 10437, $10, 3rd. Blue VF 375
$25,000 -1927
Pennsylvania BROOKVILLE, 2392, $5, 2nd, Br. Bk U 350
THOMPSONTOWN. 10211, $10. 3rd. Blue VF 75
$25,000—1934
MANSFIELD. 8810, $20, 3rd. Blue F 50
$25,000—1931
MILFORD. 5496, $20. 3rd. Blue VF 90
$25,000—1934
GETTYSBURG, 611, $5. 2nd, Br. Bk. „ VG-F 150
V. Pres, note
WAYNESBURG, 6105, $5, 3rd, Red .. G 45
NEW BERLIN. 7897, $5, 3rd. Blue N AU 95
$19,600— '33
NEW WILMINGTON, 9554, $10. 3rd. Dates F-f 65
GETTYSBURG, 611, $20. 3rd, Br. Bk U 250
ROCHESTER, 7749. $20. 3rd. Blue VG 85
$24,000—1933
BELLE VERNON. 4850, $10. 2nd. Br. Bk VG 176
V. Pres, note
PITTSBURGH, 6301, $5, 3rd. Blue VG+ 20
SCRANTON. 77. $10. 3rd. Blue VG 55
Rhode Island NEWPORT. 1492, $1, 1st, Orig VF 400
Original with Charter Number
PROVIDENCE, 1339, $20. 3rd. Blue F+ 70
PROVIDENCE, 1328, $5. 2nd, Br. Bk XF 650
PROVIDENCE. 1302, $10, 3rd. Blue F 40
PROVIDENCE. 1030, $1. 1st. 1875 VF 275
2nd V. Pres, note
PROVIDENCE. 1339, $5, 1st. Orig F 350
Original with Charter Number
South Carolina COLUMBIA, 8133, $5, 3rd, Blue VG 85
SPRINGFIELD. 10586, $10. 3rd, Blue F 275
MARION, 10085, $20. 3rd. Blue VF 276
South Dakota LEAD, 4631, $10, 3rd, Blue F 175
FAIRFAX, 12326, $10, 3rd. Blue F 275
Tennessee COPPERHILL, 9027, $20, 3rd, Blue VF 295
$25,000—1934
MEMPHIS, 336, $10, 2nd, Br. Bk F-VF 300
SHELBYVILLE, 10785, $10, 3rd. Blue VF 145
CHATTANOOGA. 7848, $5, 3rd. Blue VF-XF 70
Texas ROXTON. 5710, $20. 2nd. Dates F 300
$20,000—1934
WAXAHACHIE, 3212, $20. 3rd, Red ~ ~ G 150
NAVASOTA, 4253, $20, 3rd. Dates F 90
SHINER. 5628, $5. 2nd, Br. Bk. U 250
BELTON, 7509, $20. 3rd. Blue VG 75
$25,000—1933
Utah SALT LAKE CITY. 2059, $10, 2nd, Br. Bk F 400
BRIGHAM CITY. 6036. $10. 3rd. Blue VG 475
$20,000—1934
Vermont FAIRHAVEN, 344, $5. 1st. Orig VF-XF 560
$30,797—1934
BURLINGTON, 1698, $5, 2nd. Br. Bk VF 175
BURLINGTON, 1197, $5, 2nd, Br. Bk. F 300
SPRINGFIELD, 122, $1, 1st. Orig AU 400
MANCHESTER CENTER, 3080, $10, 3rd. Blue F 90
Virginia NORFOLK. 6032, $10. 2nd, Denom F 300
CHATHAM, 10821, $5. 3rd. Blue VG 125
$25,000—1929
HERNDON, 9635, $10, 3rd, Blue F 90
$25,000—1934
ABINGDON, 5150, $5. 2nd. Br. Bk. XF 400
MANASSAS, 6748, $10. 3rd. Blue VG 195
ALEXANDRIA. 651. $10. 3rd. Dates VF 70
ALEXANDRIA, 1716. $10. 2nd. Br. Bk .. F 225
Washington EVERETT. 4738, $5, 2nd. Br. Bk F-VF 700
Vice Pres, note
SEATTLE, 4375, $50, 2nd, Br. Bk XF 900
A real rarity
West Virginia MARLINTON. 6538, $5. 3rd. Blue F 125
$25,000—1932
Wisconsin MILWAUKEE. 64 $10, 3rd, Blue F+ 35
SMALL NATIONALS
Georgia ATLANTA, 1559, *20, 2 AU 60
LOUISVILLE, 6207, *5, 2 F 96
CORDELE, 14257, $5, 2 XF 125
WINDER, 10805, $20, 1 VF 95
JEFFERSON. 9039, $20, 1 F-VF 95
MONTI CELLO, 9329, $5, 2 VF+ 75
Illinois GRAND TOWER. 7712, $10, 1 F 60
*25,000 out in 1934
Indiana DANVILLE, 152, *20. 1 VG 30
REMINGTON, 11365, $10, 1 VF 50
*30,000—1934
Kansas BAXTER SPRINGS, 5952, *20. 1 F 60
MOLINE, 7318, *20, 1 F 40
*25,000—1934
Louisiana NEW ORLEANS, 13689, *20, 2 AU 75
NEW ORLEANS. 3069, $20, 1 U 65
Massachusetts HAVERHILL, 589, *5, 1 -U 35
HAVERHILL, 484, *5, 1 XF 30
GLOUCESTER, 899, *5. 2 U 35
HAVERHILL, 401, *10. 1 VG 22
BEVERLY, 969. $20, 2 XF 40
QUINCY, 617, *10. 1 XF 40
LYNN, 1201, *5. 1 VG 15
Michigan NORWAY. 6863, *5. 1 „..G 30
NORWAY, 6863, *5, 1 XF 45
Minnesota LITTLE FALLS, 4034, *10. 1 F 60
*10,000— 1934 !!
New Jersey POINT PLEASANT, 13215, $20, 1 F 42
PHILLIPSBURG. 1239. $10, 1 F 25
PERTH AMBOY, 6215. $10. 2 VG 30
New York CORTLAND, 2272, *20. 1 VG 35
FALCONER, 5407, *10, 2 U 60
$20,000—1934
HOLCOMB, 10046, $10, 1 VF 50
SIDNEY. 13563, $10, 2 F 45
ALBANY. 1262, $5, 2 .....F 15
RHINEBECK. 1157, $20, 1 F 45
MONTICELLO, 1503, *10, 2 VG 30
GLOVERSVILLE, 9305, *5. 2 VG 25
ROSCOE, 8191, $10, 1 AU 45
North Carolina MEBANE, 11697, $5, 1 XF 225
$24,500—1933
Ohio WELLSTON, 3665, $5, 1 XF 35
SPRING VALLEY. 7896. *20, 1 AU 76
*10,000—1934 ! I
BELLEVUE. 2302. *10. 1 P 40
*27.000—1934
Pennsylvania SCRANTON. 77, *20. 1 F 40
ARENDTSVILLE, 9139, *5, 1 - U 35
*25,000—1934
Tennessee LOUDON, 12080, *5, 2 VG 60
TULLAHOMA. 4020. *10. 1 F 60
Texas ITASCA, 5749, *10, 1 F 45
NOCONA, 11959, *20, 2 XF 70
Washington WENATCHEE. 8064, *20, 1 VF 40
Wisconsin DODGEVILLE. 6698, *10. 1 VG 40
DODGEVILLE. 6698, *10. 1 F 45
WARREN HENDERSON, Box 1358, Venice, FL. 33595
PHONE 813.488.5941
- WANTED -
Highest dealers’ prices paid for required STRICTLY CRISP UNC. large size U.S. Paper
money. Series 1861-1923; RARITIES considered in all grades. Especially need large NA-
TIONALS. Please write with conditions and prices; (PLEASE DO NOT SEND NOTES UN-
SOLICITED.) Also as required, we purchase literature in re large paper money. We also
specialize in WESTERN AMERICANA, and will consider related material such as: Terri-
torial Cold Coins, documents, letters, autographs, photos, checks, scrip, certificates, bonds,
covers, broadsides, books, firearms (before 1898 only) etc., pertaining to such entities as
Wells Fargo & Co., Pony Express, Indians, famous lawmen, infamous outlaws, Cold Rush
memorabilia, and Western collateral in general. Pre-1898 Firearms limited to Colt and
Remington revolvers; also Winchester rifles. Other artifacts, such as strongboxes, mail-
bags, belts, badges, Silver/Cold bars, also wanted, ORIGINALS only. ( No Wells Fargo belt
buckles, or “bawdy” house tokens, please.) Write or call with descriptions, prices, etc.
SPMC
948
PMCM
370
EPS
1141
M. PERLMUTTER
P. O. BOX 476, NEWTON CTR, MASS. 02159
(617) 332-6119
After 2 P.M. EDT, Please
ANA
50340
CCRT
16
Dealers & researchers; members of leading syngraphistic numismatic exonumistic and philatelic organizations. Appraisals made;
(fees applicable). Research inquiries invited. (SASE ONLY).
WELLS FARGO & CO.
AND
EARLY WESTERN EXPRESS, BANKING & STAGE COMPANIES
(1) Wells Fargo & Co. Bill of Exchange ‘‘Second’’ Dafelined, San Francisco (San Francisco is stamped in green). Oct. 31,
1854 to Wells Fargo & Co., 82 Broadway N. Y. 9x4 and VF and SCARCE $45.00.
(2) Wells Fargo & Co.'s Express. Receipt, Datelined. DRYTOWN April 28, 1867 for coin value $700.00 to D. O. Mills &
Co., Sacramento. Wells Fargo & Co. in ornate left panel. Black print on white 8Vax5Va. Town and bacon printers S.F.
XF & Choice $35.00
(31 California Stage Co. receipt. Datelined SHASTA, August 1, 1867. $65.00 For services as Driver for month of July.
California Stage Co. in ornate left panel. Black on blue. Rare $45.00.
(41 Page, Bacon & Co. Bankers. “Check” Datelined Sacramento Dec. 8, 1854 Pay to No. 224 $5,000.00 Signed Wells
Fargo & Co. by A. Frierson cashier. Corner of Front & J Streets in ornate upper left oval. A beautiful check and rare.
"Britton & Rey”. Dark Brown on light Brown paper. $30.00.
(5) Adams & Co.'s Express and Banking Office. Certificate of Deposit. Datelined, PLACERVILLE Dec. 6, 1854. “Original"
stamped in large red print across face. 8x4 Black on Blue paper. A very scarce Certificate $35.00
(6) Freeman & Co.’s New York and California Package Express. Receipt Datelined Phila. April 18, 1856 from U.S. Mint
one box to Supt. Branch Mint San Francisco. Old Sidewheeler in ornate left panel. 8x5 XF $30.00.
(7) Freeman & Co.'s Express. Datelined Sacramento City, but overwritten Grass Valley Dec. 26, 1851. Receipt for $147.57
forwarded to Sacramento, freight and insurance charges in left panel, also lists of offices in extreme left ornate panel.
Black on Blue paper 7’/tx4. Document has been severed in center but neatly repaired. F, Rare $35.00.
WANTED
ALL EARLY ITEMS IN ABOVE CATEGORY.
All items sent postpaid, five-day return privilege. All items guaranteed genuine.
HERMAN LUND
P.O. BOX 516, MAXWELL, CALIFORNIA 95955
Ph. (916) 438-2668 After 6 P.M. P.D.T.
ANA 65443
SPMC 3086
1
m
1
' 1
/nJ
11
these races
if you want to SELL
if you want to AUCTION
if you want to BUY
if you want to APPRAISE
^69 JUedQan n
2145 50th Street LUBBOCK, TEXAS 79412
(806)747-3456
ANA-LM, SOPMC, INBNS,TNA
P|
I
WHEN YOU THINK C-A-N-A-D-A THINK
Innovators In The Field of Canadian Numismatics • Appraisers • Consultants • Licensed Auctioneers
MONTHLY FEATURE
The next auction to be held by Charlton Numismatics is scheduled for )une 1974 and, as usual, will
be held at the Hyatt-Regency in Toronto,
CHOICE MATERIALS SOLICITED
We are especially interested in choice and unusual Canadian Paper Money, Hudson's Bay Material,
historic numismatic items and choice decimal and tokens.
Material submitted must be received by March 15, 1974 for listing. Our attractive catalogues are
considered by numismatic authorities to be valuable library references.
Phone or telex for further information.
IF YOU ARE THINKING OF SELLING CONTACT CHARLTON FOR
EITHER PUBLIC AUCTION OR PRIVATE SALE
Members of Our Firm Have Travelled Thousands of Miles To Successfully Negotiate Countless Transactions
HANK REFERENCES SUPPLIED ON REQUEST
CHARLTON NUMISMATICS LTD.
299 Queen St. West — Toronto, M5V 1Z9, Canada
TEL: (4161 362-5281 TELEX: 06-219750
ANA
PNG
CNA
WANTED: RARE LARGE-SIZE NOTES
We require RARE large-size notes in any grade; type notes in CU only (no Federals, please), in $1 through $100 denominations.
We also need all grades large-size NATIONAL BANK NOTES (requirements subject to change without notice), mainly FIRST
CHARTER $1, $2 and $5; SECOND CHARTER brownback $5s, and THIRD CHARTER RED SEALS $5, $10 and $20.
TOP DEALER PRICES PAID FOR REQUIRED MATERIAL.
We also pay top dealer prices for required “AMERICANA” WESTERN, INDIAN & TERRITORIAL items of mid-1840s to mid-
1890s ONLY, such as: broadsides, Gold Rush, Pony Express and Wells, Fargo memorabilia; documents, letters, coins, bars, books,
autographs, checks, bonds, certificates, drafts, covers, pre-1898 firearms,* etc. (* No "Wells Fargo” buckles or “bawdy house
tokens, or reproductions of any kind, please. I
WRITE or CALL (collect) first and describe what you have to offer.
As dealers, we also have on hand a fine selection of notes and Western collateral for sale. Your inquiries are respectfully solicited.
Reprints of the 1944-46 Grinnell Sales Catalogues, hard cover, 700 pg. a “must” for ANY library. Originally $25; only $12.50
Postpaid.
M. PERLMUTTER
P. O. BOX 476, NEWTON CTR., MA. 02159
Phone: (617) 332-6119, After 2 P.M. EDT
Specializing in U. S. LARGE paper currency. Series 1861-1923, and Western “Americana.”
Researchers, Dealers and Appraisers. Contributors to the leading publications and trends
in the field of U. S. paper money. Members of SPMC (948), ANA, ANS, PMCM, CCRT
and other leading syngraphistic, numismatic, exonumistic and philatelic organizations.
MISSOURI NATIONALS WANTED
Will Buy Any Condition If I Need The Bank.
Keenly interested in Uncut Sheets £r other material pertaining
to National Banks from 1863-1935.
List information and prices in first letter and send for prompt
action to:
FRED SWEENEY
KANSAS CITY, MO 64111
BOX 10144
WANTED
FEDERAL RESERVE
NOTES
(LARGE SIZE)
5 Dollar Notes — Wanted in CU Condition
Fr. #836
Fr. #851 b
Fr. #865
Fr. #887b
837
855b
871b
888
839
858
871c
889
841
859b
875b
890
842
861
880
891b
843
862
881
891c
844
863b
883b
845
864
885
10 Dollar Notes — Wanted in CU Condition
Fr. #892
Fr. #908
Fr. #925
Fr. #942
894
909
926
944
895
91 la
927b
945
896
91 1c
929
946
897
912
931b
947
899
914
932
949
900
916
933
950
901
917
934
951a
902
919b
935
951b
903
919c
936
951c
904
920
937
905
921
938
907b
923
941
20 Dollar Notes — Wanted in CU Condition
Fr. #952
Fr. #969
Fr. #982
Fr. #1001
954
" 970
985
1002
955
971b
986
1003a
956
971c
987
1003b
957
972
988
1004
958
973
989
1005
959
975b
991c
1007b
960
975c
992
1008
961
976
993
1009
962
977
994
1010
963
979b
996
101 la
964
980
997
1011b
965
981
1000
101 1c
50 Dol'ar Notes — Wanted in CU Condition
Need all 50 Dollar notes except Fr. #1028 and
1047
100 Dollar Notes — Wanted in CU Condition
Need all 100 Dollar notes except Fr. #1098,
1100, 1104 and 1110.
1000 Dollar Note — Need one in CU Condition.
WRITE! SEND! QUOTE!
WARREN H. BURNSIDE
SPMC 2975
P. O. BOX 7
BRIDGEPORT, W. VA. 26330
SELLING?
Would you try to sell your stamp collec-
tion to a coin dealer? Don’t make the
same mistake with your U. S. paper
money. We are a full-time dealer spe-
cializing exclusively in U. S. paper money.
Need we say more?
BUYING?
Our current ten-page comprehensive
price list of large and small U. S. paper
money is yours for the asking.
THE VAULT
P. O. BOX 2283
PRESCOTT, ARIZ. 86301
NATIONAL CURRENCY
WANTED
BROWNSVILLE
HUNTLAND
PETERSBURG
CAMDEN
HUNTSVILLE
PIKEVILLE
CARDIFF
JEFFERSON CITY
PULASKI
CARTHAGE
JELLICO
RIPLEY
CENTERVILLE
JONESBORO
ROCKWOOD
CLARKSVILLE
KENTON
RCGERSVILLE
GOAL CREEK
KINGSTON
RUSSELLVILLE
COOKEVILLE
KINGSPORT
SAVANNAH
COPPER HILL
LaFOLLETTE
SELMER
COVINGTON
LAWRENCEBURG
SHELBYVILLE
CROSSVILLE
LEBANON
SMITHVILLE
DAYTON
LENOIR CITY
SMYRNA
DECHARD
LEWISBURG
SPARTA
DICKSON
LEXINGTON
SPRING CITY
DOYLE
LINDEN
SPRINGFIELD
DUCKTOWN
LOUDON
SWEETWATER
ERWIN
LYNNVILLE
TAZEWELL
ETOWAH
MANCHESTER
TRACY CITY
FAYETTEVILLE
MARTIN
TRENTON
FRANKLIN
MARYVILLE
TULLAHOMA
GAINESBORO
McMINNVILLE
WARTRACE
GALLATIN
MURFREESBORO
WAVERLY
GREENEVILLE
NEWPORT
WINCHESTER
HARRIMAN
ONEIDA
WOODBURY
HOHENWALD
PARIS
Please Grade and Price
JASPER D. PAYNE
BOX 75, ROUTE 2, POWELL, TENN. 37849
SELL HARRY
YOUR MISTAKES!
Harry wants to buy currency er-
rors . . . large and small-size notes
. . . also interested in buying Na-
tionals.
Harry is selling error notes. Please
write for list or specify notes . . .
a large selection of error notes
available.
HARRY E. JONES
P. 0. BOX 42043
CLEVELAND, OHIO 44142
“SELLING”
• Broken Bank Notes
• County and Private Scrip
• Odd and High Denominations
• Historical Signatures
Joseph Smith Sam Houston
• Depression Currency
• Unlisted Notes
• Confederate Notes
• U. S. Fractional and Specimen Notes
• Encased Postage
Please send your 8c SASE and indicate your specific area of
interest. Receive my quarterly list relative to your particular
interest.
“WANTED”
• Your duplicate Broken Bank and Confederate
Notes (need quantity). Will purchase out-
right or accept in trade for my notes.
( 1 ) Ship your notes for offer, or
(2) Send your list with asking prices.
DON EMBURY
P. O. BOX 66058, LOS ANGELES, CA 90066
“FOR SALE”
PAPER MONEY AND OBSOLETE CURRENCY
LARCE AND SMALL USA CURRENCY
LARGE AND SMALL NATIONAL CURRENCY
“RADAR” SERIAL NUMBER NOTES
“UNUSUAL” SERIAL NUMBER NOTES
FRACTIONAL CURRENCY
COLONIAL AND CONTINENTAL CURRENCY
CONFEDERATE AND CIVIL WAR ERA PAPER
ITEMS
EARLY U.S. CANCELLED CHECKS
BROKEN BANK NOTES
Above price lists available for a large-size,
self-addressed and stamped envelope.
Please, state your interest so I may send the
lists of your choice. Prompt attention to
every request. Satisfaction guaranteed.
Robert A. Condo
P. O. Box 304, Drayton Plains, Michigan 48020
ANA-LM 813, SPMC 2153
KENTUCKY OBSOLETE
NOTES
$ * <» % $
1.00 Farming & Comm. Bank, Carlisle 1819 V.F $10.00
5.00 Farming & Comm. Bank, Carlisle 1819 X.F 12.00
1 .00 Newport Lyceum - 1 837 - Fine 6.00
2.00 Peoples’ Bank, Louisville - 1862 -X.F 17.00
2.00 Kentucky Trust Co. Bank, Covington - 1852 F. 12.50
5.00 Farmer Bank of Ky. 1856 - V.F. - 12.00
1 .00 Frankfort Bank - u/s - Unc. - 5.00
3.00 Frankfort Bank - u/s - Unc. - 7.50
5.00 Frankfort Bank - u/s - Unc. - 5.50
10.00 Frankfort Bank - u/s - Unc. - 5.50
5.00 Bank of Georgetown - 1818 - X.F. - 13.00
10.00 Bank of Georgetown - 1 81 8 - X.F. - 15.00
1.00 Northern Bank of Ky. 1 854 - V.F. - 12.00
2.00 Bank of Ky. Newport - 1854 - V.G. - 12.00
5.00 Farmers Bank of Ky. A.B.N.Co. 1859 Unc 8.00
10.00 Farmers Bank of Ky. A.B.N.Co. 1859 Unc 8.00
20.00 Farmers Bank of Ky. A.B.N.Co. 1859 Unc 9.00
Notes of most other states, colonial and Continental, etc.,
in stock.
ALSO WANT TO BUY.
RICHARD T. HOOBER
ANA 9302
P.O. BOX 196
NEWFOUNDLAND, PENNA. 18445
SMALL-SIZE
Minnesota National
Currency
WANTED
Adrian, National Bank of Adrian
#9033
Barnum, First National Bank
#11761
Brewster, First National Bank
#10946
Buffalo, Buffalo National Bank
#12959
Canby, First National Bank #6366
Cold Spring:, First National Bank
#8051
Cannon Falls, First National Bank
#13713
Cottonwood, First National Bank
#6584
Deer River, First National Bank
#9131
Grand Meadow, First National
Bank #6933
Halstad, First National Bank
#7196
Hendricks, First National Bank
#6468
Hendricks, Farmers National
Bank #9457
Kerkhoven, First National Bank
#11365
Lc Sueur, First National Bank
#7199
Lanesboro. First National Bank
#10507
Madison, First National Bank
#6795
Mankato. National Bank of Com-
merce #6519
Mapleton, First National Bank
#6787
McIntosh, First National Bank
#6488
Menahga, First National Bank
#11740
Minnesota Lake, Farmers Na-
tional Bank #6532
Osakis, First National Bank
#6837
Park Rapids, Citizens National
Bank #13692
Pipestone, Pipestone National
Bank #10936
Roseau, Roseau County National
Bank #11843
Sauk Center, First National Bank
#3155
Stewartville, First National Bank
#5330
Staples, First National Bank
#5568
Verndale, First National Bank
#6022
Waseca, Farmers National Bank
#9253
Waterville, First National Bank
#7283
State price and condition or send for my fair offer.
I have many notes in stock as well! What do you need?
JOHN R. PALM
Deephaven
18475 THORPE ROAD, WAYZATA, MINN. 55391
NATIONALS
I. Send self-addressed stamped envelope
for free list of Large and Small-Size
National Bank Notes.
II. If you have National Bank Notes that
you would like to sell, please contact
me.
Telephone 712-255-6882
or
712-365-4514
CURTIS IVERSEN
P. O. BOX 1221
SIOUX CITY, IOWA 51102
FREE LIST
of
POPULAR
SCARCE
RARE
WORLD
PAPER MONEY
Now Available!
MHR’S COIN CABIN
DEPT. PM
9728 SEAVIEW AVE.
BROOKLYN, NY 11236
WANTED
NEBRASKA
OBSOLETE CURRENCY
I am buying single notes and
uncut sheets of Nebraska Obso-
letes for my collection.
Also, medals, badges, pins, book-
lets, etc. of the Trans-Mississippi
Exposition.
Describe and Price.
LEONARD M. OWEN
SPMC 2044
684 NORTH 59th STREET
OMAHA, NEB. 68132
WANTED
SOUTH CAROLINA CURRENCY
I am anxious to purchase obsolete notes, scrip,
bonds and stock certificates.
Will buy singles or collections. Highest prices for
items need in my collection.
Bill McLees
P. O. Box 496, Walhalla, SC 29691
Collector/Dealer Since 1935
SPMC #38
WANTED
“LAZY TWO”
GRAND RAPIDS, WIS.
Universal Numismatics Corp.
FLOYD O. JANNEY L M No. 415
P O. Box 143 Woukesho, Wise. 53186
Society Certified Professional Numismatists
PHOTOGRAPHIC MATERIAL
Advertising notes, scrip, tickets, broadsides, premiums, labels,
trade cards, advertisements, tokens, medals, etc., relating to
Daguerreotypists, ambrotypists, tintypists, photog-
raphers, manufacturers, stock houses, publishers,
etc., and early motion pictures.
Also interested in: cameras, equipment, early images, Daguer-
reotypes, photographic jewelry, albums, books and catalogs.
ANYTHING RELATED TO PHOTOGRAPHIC HISTORY
N. M. GRAVER
BOX 18051, ROCHESTER, N.Y. 14618
Cardboard Civil War Scrip
OF THE NEW ORLEANS, JACKSON & GREAT
NORTHERN RAIL ROAD CO.
Set of 3 (25c, 50c & $1) $30.00
Only Three Sets Available
Single, 50c or $1 $ 7.50
Each piece measures 2 1/16x1 1/4"
ERIE, PA. 1933 Depression. Set of 3 $ 5.00
FREE LIST OF BROKEN BANKNOTES,
STOCKS. BONDS AND CHECKS.
NEIL SOWARDS
548 HOME AVE., FT. WAYNE. IN 46807
WANTED
OBSOLETE NOTES
SCRIP— BONDS
NATIONALS
Send description of notes or mail registered.
KENNEY’S RARE COINS
BOX 244, AIKEN, SC 29801
SPMC ANA SCNA BRNA
WANTED
Maryland National
Bank Notes
Contact:
JOE ELLIOTT
c/o Fred Sweeney Rare Coins
P. O. BOX 10144
KANSAS CITY, MO 64111
Telephone 816-753-5860
I NEED
SOUTH CAROLINA
PAPER MONEY
I WANT TO BUY ALL TYPES OF SOUTH CAROLINA PAPER
MONEY FOR MY PERSONAL COLLECTION.
I Need — proof notes
OBSOLETE BANK NOTES
S.C. NATIONAL BANK NOTES
CITY, TOWN & PRIVATE SCRIP
I HAVE SIMILAR MATERIAL FROM OTHER STATES THAT I
WILL TRADE FOR NOTES THAT I NEED. PLEASE WRITE FOR
MY DETAILED WANT LIST.
/ Also Collect — PROOF NOTES worldwide
SPECIMEN NOTES
BRITISH COMMONWEALTH
VIGNETTES USED ON BANK NOTES
COUNTERFEIT DETECTORS
BANK NOTE REGISTERS
J. ROY PENNELL, JR.
SPMC #8 ANA #11304
P. O. BOX 858
ANDERSON, SOUTH CAROLINA 29621
PROTECT
YOUR INVESTMENT!
You r Choice U.S. Paper Currency deserves to be housed in:
DCNLON'S CUSTOM/MADE DOMESTIC SUPPLIES.
Beware of some imports and holders with yellow tint!
Do not store notes in vinyl without protection of acetate holder!
CUSTOM-MADE FLIP UP ALBUMS
The Favorite for Large Important Collections.
Vinyl pockets are designed to hold 50 to 1 00 notes in your acetate holders. Many notes
have been damaged and oil-soaked by placing them in vinyl without protection of separate
acetate holders.
FLIP UP ALBUMS, CURRENT SIZE NOTES $10.50
FLIP UP ALBUMS FOR LARGE SIZE NOTES $12.50
DOMESTIC CUSTOM-MADE VINYL PACES
3 pockets to each page, large enough for holders.
TEN PACES, CURRENT SIZE $3.95— TWENTY PACES $7.50
TEN PACES, LARGE SIZE $4.45— TWENTY PACES $8.50
ACETATE HOLDERS “THE SAFE KIND”
Recommended by writers and users as "the best!"
SMALL SIZE CLEAR OR NO CLARE do*. $1.25, 50 $4.50
LARCE SIZE CLEAR OR NO CLARE do*. $1.50, 50 $5.25
You will like Donlon's No Clare Holders. Notes may be seen in any light without annoying
Please add 50c handling to your complete order for supplies.
NYS add sales tax for your area.
"BUYING OR SELLING UNITED STATES LARGE SIZE PAPER MONEY
DEAL WITH DONLON FOR BETTER DEALS"
WILLIAM P. DONLON
UNITED STATES CURRENCY
P. O. Box 144, Utica, New York 13503
ANA 4295
Life Member No. 101
P. O. Box 144- A
Utica, N. Y. 13503
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